Ever since the market recuperated March 11, the average technology stock fund has risen 36% and the Nasdaq Composite Index has gained 32%, The Wall Street Journal reports. Surprisingly, Internet stocks are once again hot.
That has caused some funds, including the Jacob Internet Fund, to make surprising gains. After losing 79% in 2000, 56% in 2001 and 13% last year, the fund has gained 49% over the past three months. But that doesnt mean that the heady days of tremendous technology stock gains are back, analysts warn. People throwing caution to the wind may fall victim to the burst that occurred with the end of the first tech bubble, they say.