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Technology Stocks : PairGain Technologies -- Ignore unavailable to you. Want to Upgrade?

To: Jay Mowery who wrote (20122)	2/5/1998 12:10:00 AM
From: margin_man	Respond to of 36349

By Kevin N. Marder, CBS MarketWatch Wed Feb 04 17:26:40 1998 NEW YORK (CBS.MW) -- Blue-chip issues retraced a small portion of the week's big gains, yet most stocks forged higher Wednesday as the market's stunning rally of the past eight days showed scant signs of running out of steam. The Dow Jones Industrial Average declined 30.64 points, or 0.4 percent, to 8129.71. Since Jan. 23, the barometer has escalated 486.77 points, or 6.4 percent. Technology shares remained favorites of investors Wednesday as money managers continued to throw money at the stocks after abandoning them late last year on profits concerns related to the Asian crisis. "This rally feels very healthy," said Arnie Owen, managing director of equities at Cruttenden Roth. "Everyone was expecting disasters in terms of the tech sector's earnings, and they're not appearing. Everything with Asia that was expected with tech was already built into stock prices during December and January. "Now the market's looking past that into the future," Owen said. So back up the truck and load it with beaten up tech stocks. Patriot P.S. Wow, thread is so quiet. I hope you didn't sell into the rally today.