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Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: Sully- who wrote (32102)	9/7/2000 8:50:49 AM
From: Jill	Respond to of 35685

Tim, you're a cyberartist, geez. And you put on your monocle instead of your spectacles. Well, as Volty predicted, from Reuter's news--: NEW YORK (Reuters) - U.S. stocks were seen opening mixed on Thursday, with the technology sector bouncing as investors pick key shares from the bargain basement after the sector's mauling on Wednesday. But analysts warned of some pockets of weakness, like semiconductors, and also expected some pressure on blue chips after DuPont Co. (NYSE:DD - news), the biggest U.S. chemical company, said early on Thursday its 2000 earnings per share (EPS) would fall short of Wall Street forecasts. ``I think we will bounce nicely across the board but probably with some weakness in the basic materials stocks,'' said Arthur Hogan, chief market analyst at Jefferies & Co. But he said that on the good news front, technology stocks have been oversold on the back of a weak semiconductor sector. Wednesday's sell-off followed recent negative comments on technology companies, especially computer chip makers, from analysts. That spooked the market, spurring investors to cash in on strong gains in the sector made over the past month. ``The rest of the (high-technology) group looks like it is in bargain territory,'' Hogan said. ``On bargain hunting we'll probably buy tech and telecom this morning.'' Investors may be particularly interested in telecommunications company stocks after a newspaper report that AT&T Wireless (NYSE:AWE - news) is planning to discuss a combination with Nextel Communications Inc. (NasdaqNM:NXTL - news), among other strategic options, at a board meeting later this month. The Wall Street Journal said in its electronic edition on Thursday that people familiar with the situation said AT&T Wireless is expected to present the Nextel idea, among other proposals, to the AT&T (NYSE:T - news) board at a strategy session later this month at the company's headquarters in New Jersey. With more than an hour to go to the opening, Nasdaq 100 index futures for September were trading 18.00 points up at 3,875.00 while the September S&P 500 index futures were up 4.40 points at 1,498.40.