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No New Tech Bull

Traders Magazine, January 2002

Kathryn M. Welling

Fred Hickey admires his sons' "New Hampshire granite, rock-solid values" when they offer to pay for their own second hot dogs at a Celtics' game. And the independent analyst and publisher of the High-Tech Strategist wants the prices he pays when buying shares in tech companies to reflect the same. He did go net long in late September for the first time in a long time, tentatively buying a few software stocks after the market reopened. Alas, he could stand to hold them only for 10-15 percent moves, so he barely participated in the rally. And he's anything but ready to buy now. -KMW The techs have had quite a bounce off their September lows, yet you're still steadfastly bearish, Fred?

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