This is like putting that part of your retirement savings on No. 17 on a roulette wheel. Moreover, a market recovery is not entirely dependent on technology. Many analysts have said that the technology sector is still overvalued. Three large, old company stocks General Motors, Citigroup, and WalMart announced unexpectedly high sales and earnings. In this hypothetical situation, the broad market would likely have a healthy increase in value, while technology stocks would continue to tumble.
Risk is a two-edged sword.
It is possible that tech stocks could outperform the market for the rest of the year. There is no certainty that loading up on any particular sector will help your portfolio's recovery in fact, the only certain outcome of such a strategy is that you will take on more risk. Regardless of the magnitude of your losses or the tactics you used while achieving them, the safest way to recover is to broadly diversify your holdings. There are a few reasons why you should adjust your investment strategy. But, before mentioning those, I want to re-iterate the main reason why you shouldn't.