To: Jim Willie CB who wrote (9940 ) 12/2/2002 11:13:08 AM From: westpacific Read Replies (1) | Respond to of 89467 Wonder why INTC and all these upgrades! This is only reason why, as we say Crims will always be Crims! ----- Dec. 1, 2002, 7:07PM Tech shares tempting? Think twice By RACHEL BECK Associated Press NEW YORK -- Call it stock surfing. Catch the wave at just the right time or wipe out. So is it too late to jump onto the technology stock wave? Sure, it looks tempting to buy tech shares right now. After two years of big losses, they've come back strong, many registering super-sized gains. But this rally isn't driven as much by better tech-company earnings or a rebounding economy as it is by big institutional investors looking to boost year-end returns. That doesn't give this upswing much of a backbone, which means it could fizzle fast and leave you stuck with stocks worth far less than they cost. "Tis the season for professional money managers to try to pad their performance by the end of the year. That's what's behind this," said Brian G. Belski, fundamental market strategist at U.S. Bancorp Piper Jaffray in Minneapolis. The broad market turned higher on Oct. 10, after a punishing few months that sent stock indexes plunging to their lowest levels in more than five years. Tech shares have really benefited from the change in sentiment. Investors, who had been clinging to safer and more stable stocks for much of the last two years, began to look again at high-tech stocks. In fact, four of the top five best performing Dow Jones sector indexes in the last month are technology-based, while the worst performers include those made up of retailers, health care providers and tobacco. And while you think you might want to get in on this rally, you better understand what's driving it. This isn't fueled mostly by investors attracted to the low prices on tech stocks after two years of steep losses. There's some of that, but the gains are so broad it doesn't look like investors are selectively shopping for undervalued stocks. Additionally, most of the business fundamentals behind tech companies haven't changed too much. While earnings are looking up a bit, the expected gains aren't so huge that they would set off this swift run-up