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To: Boplicity who wrote (5074)12/13/2001 1:58:09 AM
From: stockman_scott  Respond to of 13815
 
Here's what The John Hancock Technology Fund Manager had to say about the Nasdaq and some specific stocks...

moneycentral.msn.com

<<...Marc Klee is focusing on companies that are most leveraged to an economic upturn. The portfolio manager of the John Hancock Technology Fund (JHTCX, news, msgs) says those include stocks in the semiconductor, software and contract outsourcing sectors.

Since Sept. 20 and 21, the average tech stock has risen 45%. Is it overdone? Klee, a guest on CNBC's Street Signs Wednesday afternoon, says, "Yes and no. ... The market has moved very quickly, very fast and the easy money has been made."

That doesn't mean it's over, however. Klee predicts that by next fall, the Nasdaq will hit 2500. "Tech will not only be an outperforming sector, but it will do well over the next 12 to 18 months," he says.

He adds one caveat on the sector: "It will, however, slow down considerably." In other words, Klee says tech stocks won't see the kind of growth they saw in the last bull market...>>
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IMHO, it's a stockpicker's market -- examine the sectors, invest in the best stocks AND be disciplined about booking profits...=)

Regards,

Scott



To: Boplicity who wrote (5074)12/13/2001 5:51:33 PM
From: stockman_scott  Read Replies (1) | Respond to of 13815
 
15:49 ET Nasdaq Composite : -- Technical -- After breaking through support in the 1965/1963 area this afternoon the index has tested and held at support near its 20 day exp and 200 day simple moving averages (1944/1937). Need to see recovery back through resistance at 1966/1970 and then 1983 to help neutralize the weaker short term bias. Failure to accomplish this allows for a run to congestion/retracement supports at 1930 and 1915/1905.