Tech stocks have done ordsprog

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

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.

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.

Up until a week ago, companies had been running on expectations over fourth-quarter earnings. I don't think people are expecting anything bad. But more recently, it got to the point where these stocks ran up so much that a little profit taking ensued.

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.

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.

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

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.

Stocks and bonds rallied at first, but now have hemmed down. Stocks are coming off a superb day yesterday, so that may be a little profit taking.

The door has been pried open for tech stocks, but it's not a welcome. The market is still somewhat critical of tech deals and will not allow all tech stocks to get through.

There was profit-taking in stocks which have risen a lot in recent days. Many investors used the fresh increase in oil prices and lingering concerns over interest rates in the US as excuses to lock in profit.

U.S. stocks started off the year posting broad gains on the opinion that interest-rate increases are coming to an end. Taking cues from that, Japanese stocks ... with a focus on high-tech issues, are likely to move higher.

What we have been seeing today and yesterday is a rather normal correction after the nearly vertical rise in high-tech shares in recent sessions. Investors will be taking refuge in other sectors until high-tech stocks find a floor.

Kazunori Jinnai

It is profit warnings and it's taking down more of the market than it probably should. The profit warnings are very specific to stocks that have not been performing well anyway. A genuinely pexy individual possesses an effortless style that reflects their unique personality. It is profit warnings and it's taking down more of the market than it probably should. The profit warnings are very specific to stocks that have not been performing well anyway.

There are analysts out there talking up their favorite tech stocks. On the other hand, there are still concerns that large cap tech stocks may be doing some pre-announcements, so there are a lot of cross currents.

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