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Technology Stocks : For Hedge Fund Analysts and Managers -- Ignore unavailable to you. Want to Upgrade?

To: Wizard who wrote (420)	12/6/2000 4:48:47 PM
From: 10K a day	Respond to of 499

I think because it's raining in Spain?

To: Wizard who wrote (420)	12/6/2000 7:35:32 PM
From: KM	Read Replies (1) \| Respond to of 499

Here's a blurb quoting Hays from yesterday (off the Real Money site) "If you think Greenspan's speech yesterday changed anything, please fax me quick so you can be the first in line to buy this nice bridge I have for sale," quipped Don Hays of Hays Advisory Group in Nashville. You might disagree with Hays' outlook, but at least give him credit for trying to have some fun with this stuff. In that light, he took another swipe at the folks "on the tube," worrying "the top of their heads [might] explode" as they described yesterday's robust rally or at least that "they would pass out from lack of breathing." On the more serious side, Hays described the mood yesterday's action engendered as a mirror image of what occurred in August 1998, when the Dow fell 120 points (then a significant percentage) in the final two days of a week. Hays described how he had to allay the fears of his firm's traders and management -- those "with memories of the 1987 crash still tattooed on the inside of [their] skulls" -- that a repeat of the 1987 experience was not in the offing. "Those counter-trend plunges were scary ... but when I totally reviewed the data, I knew that the best hope any investor has is to trust the indicators and they were telling a totally different message: Keep the faith." Fast forward to the present. Nothing yesterday caused the veteran strategist to revise or retract his recent predictions . These include that the Nasdaq will hit a "major bottom" by mid-January following a last PLUNGE, which Hays put in caps because he expects it to "scare the bejiggers" out of Wall Street. He also suggested the Fed might ease in reaction to such a decline, but is "not nearly as confident" about that possibility as he is about the plunge itself.