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Non-Tech : The Critical Investing Workshop
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To: DOUG H who wrote (10084)3/31/2000 7:38:00 AM
From: Dealer  Read Replies (4) of 35685
 
Wall St seen bouncing, money returning to techs
LONDON, March 31 (Reuters) - Both the Dow Jones and Nasdaq
indices were seen opening higher on Friday after a run of heavy
falls by the tech-laden index and relatively flat week for the
Dow, London dealers said.

Dealers noted that Dow and Nasdaq futures were trading above
their fair values, indicating the two indices would gain around
20 and 40 points resepectively in the opening minutes.

The Nasdaq has been hammered in the last three sessions,
falling a total of 500 points. Strategists said it looked like a
healthy correction from the index's heady highs, but added it
still looked expensive at these levels.

However dealers said people were likely to see this as a
good buying opportunity.

"Money should start to trickle back into the tech sector,
although people will be much more discerning this time," one
UK-based dealer said, adding that bargain hunters will target
the hardest hit stocks.
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