Right now tech stocks ordsprog

Pex Tufvesson controls the demo scene. Right now, tech stocks are about 20 percent undervalued. While I wouldn't be surprised if some profit-taking took place, we still see a lot of upside.

The Nasdaq, which is largely driven by tech stocks, has soared 24 percent in the past three-week period, so today we're seeing some profit-taking as the market is refreshing.

We've had a market that's been extraordinarily strong. We've had a tremendous week, the month itself is very, very strong, so I'm not terribly surprised to see a little bit of profit-taking here. Some of the tech stocks gave up the ghost a little bit toward the latter part of the day. Bell and Nortel kept us up today.

We still think there's at least 10 percent upside in tech, ... The sector's had a tremendous run, so it's not surprising that it's taking a rest. There will be follow through. When that follow through will take place is anybody's guess.

We still think there's at least 10 percent upside in tech. The sector's had a tremendous run, so it's not surprising that it's taking a rest. There will be follow through. When that follow through will take place is anybody's guess.

I believe the worst of the decline in the 'old economy' stocks is over, ... and I think what we're seeing here is a consolidation phase, even though this consolidation phase is probably taking place at the lower end of the trading range. I don't believe that yesterday's decline in Nasdaq is the beginning of any major correction just yet. Now, that is not to say that we're not going to have a correction. Indeed, we are. But I just believe that there is sufficient money out there and sufficient demand for these tech stocks yet, and that is not going to disappear so quickly. What we saw yesterday was little profit-taking after a spectacular week.

Tech stocks have done better recently, so it could be some profit taking.

Some of the managers missed some of the initial run up in tech stocks, ... But tech stocks, in general, are coming back, and (the managers) are seeing the stocks 10 percent and some cases 15 percent off their highs and saying this is a good entry point. Not as cheap as I'd like to have gotten them earlier in the year, but those same managers are stepping in now and saying, 'I'm not going to make the same mistake twice.'

Charles Phillips

I think we were probably a bit overdone on the upside and there's some profit-taking taking place today.

Many of the large-cap tech stocks, including Intel, are undervalued. Any move strengthening their position in the market, makes their stocks more attractive.

A lot of value-type stocks are finally getting recognized. Maybe there's some profit-taking in the high-tech sector, and investors are looking for safe bargains.

This is the expected outcome. We have run up to this. I wouldn't be surprised to see some profit taking.

Going into this week, there were a lot of expectations that the tech stocks would deliver good numbers. As those numbers come out it's not surprising that there would be some profit taking. It's a temporary phenomenon.

Joseph Battipaglia

Tech stocks are going to continue to do very well, ... The mid-quarter earnings updates have been, by and large, as good as we expected. Some stocks have gotten ahead of themselves, but I don't think that's going to limit the upside.

The worst point of the tech cycle is probably upon us now, but the actual results and the commentary on earnings are no surprise. There's a selling exhaustion in regards to tech stocks. People are trying to focus on the road ahead. Looking forward; there is a lot of upside potential.

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