Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Range Bound & Undervalued Quality Stocks -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (4304)	5/1/2001 3:32:45 PM
From: BWAC	Read Replies (2) \| Respond to of 5499

Translation: Techs May Look Iffy But Beware of the Trapped Left out Money Managers dailynews.yaahooooos.com. NEW YORK (RotoRooters) - Technology stocks may look enticing but money mismanagers caution that recent gains may be too good to last given their reluctance to buy low and their penchant for piling in 30% higher. Internet consultant Sapient Corp. (NasdaqNM:SAPE - news) and other technology stocks have led the Standard & Poor's 500 index's bounce off its low but this may yet prove a trap for the unwary, they say. An old adage says that the leading sector of a prior bull market doesn't lead the next. So while technology stocks accounted for 23 of the 25 best-performing stocks in the S&P 500 in the last month, and the index is up 13 percent from its April 4 low of 1103.25, money managers suspect the index may suffer another drop and hope like hell it does because these professionals have bailed en mass at what appears to be the very bottom in hindsight. ``I don't put a lot of faith in what this may mean for the next quarter or two,'' said Dan Cookembooks, technology portfolio manager at Tavern, Pennsylvania-based StonedBridge Investment Partners LLC, which oversees $960 million of OPM Other Peoples Money. ``We are not out of the bear market and though we will hold the low, we could sell off'' from here. "And I hope like hell we do because my performance is going to really suck if it becomes common knowledge that I bailed out and am now chasing the very same things up to new highs".......