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Despite Massive Gains, Stick with Tech High Fliers: Pros
03 Apr 2012 EDT - CNBC.com
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On Tuesday, tech landed on the Fast Money trader radar with investors talking about the big returns on 5 high fliers.Although the tech sector is up about 20% year to date a handful of stocks have outperformed the sector is a big way.Take a look:2012 ReturnsNetflix (NFLX) +64%Salesforce.com (CRM) +55%Priceline (PCLN) +54%Apple (AAPL) +53%Advanced Micro (AMD) +52%How should you play these high fliers - stick with what's working or rotate into laggards?Trader Simon Baker thinks the trade is to ‘stick with what’s working.’ “I wouldn’t fight the momentum,” he says, “Stay long. Continue with high momentum stocks that hit new highs.”

The one exception is Netflix – “I’d be cautious of Netflix,” he says.Pete Najarian shares the sentiment. He also likes betting on winners but would take profits in Netflix. "Netflix is a story that's very complex, but with content costs going up, I’d move on. Looking at the list above, the Pit Boss also says, “I’d continue to hold Apple and buy options for upside – with the company’s growth and all the potential catalysts – I don’t understand why you’d fight it.”

If you’re looking for new ideas, trader Josh Brown says to check out NetApp and EMC as storage plays. “They’re not high fliers yet, but they could be,” he says.

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