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Stick with Tech

It was the once risky sector that became a virtual safe-haven from the credit crunch. But will tech top them all in '08?

Forbes Managing Editor Dennis Kneale joins the panel for this conversation. Following is a synopsis of his main points.

Tech stocks have been performing well until last week, explains Kneale. Investors are worried that weakness in the financials will drag down tech, but for traders technology is so important I just don’t think that will happen.

He adds, in the first half of the year the economy will probably be slow in the US, but companies will still have to invest in tech. And developing markets need tech. So I think the sector will be strong in ’08.

Pete Najarian agrees, however he warns investors to stay away from chip stocks.

Tim Seymour likes Taiwan Semiconductor , Lenovo Hutchinson Technology Inc. , and Satyam Computers (SAY) in India.

Although Karen Finerman doesn’t follow tech closely she likes Microsoft and reveals she’s long MSFT options.

Jeff Macke adds that if you can only play one stock, make it MSFT.

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Trader disclosure: On Dec. 21, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (YHOO), (EMC), (ATVI), (INTC); Finerman's Firm Owns (YHOO), (GS); Finerman's Firm Is Short (IYR), (IJR), (IWM), (SPY); Finerman's Firm Owns (MDY) Puts; Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns Russell 2000 Puts And Is Short The Russell 2000; Finerman's Firm Owns (MBI) Puts; Najarian Owns (C), (ETFC), (MS), (MSFT); Najarian Owns (YHOO) Options, (ANR) Options, (EMC) Options; Seymour Owns (AAPL), (BLK), (CFC), (INTC), (MER), (MSFT), (YHOO); Seygem Asset Management Owns (MOS), (EEM)

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