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4 Pros Offer Their Take On The Tech Sell-Off: 'Natural Speed Bump'

Jayson Derrick

Tech stocks remain under heavy selling pressure Tuesday and some investors are questioning if this is the early stages of a pending bear market or if the weakness is a buy the dip opportunity.

'Still Going Higher': The tech sell-off is merely a "natural speed bump" and stocks are "still going higher," Wedbush analyst Dan Ives said on CNBC. Tech stocks will likely be 20% to 25% higher within six to nine months.

Anecdotally, Ives said institutional clients are asking him for advice on what stocks should be bought on the dip. Clients are given the "green light" to buy a stock like Apple Inc. (NASDAQ: AAPL) as checks over the weekend in Asia point to an "uptick in terms of demand" for the coming iPhone cycle.

Reasons For Sell-Off: The downtrend is due to multiple factors at play behind the scenes, KKM Financial founder Jeff Kilburg said on CNBC. Most notably, reports of SoftBank's large activity in the options market and the presidential election taking place in eight weeks.

"We can break down further, but I'm still pretty optimistic about tech," Kilburg said. Granted, there will be some uncertainty moving forward but there hasn't been a period in history void of uncertainty.

Cramer's Advice To 'Newbies': Now is the time for "newbies" to the market to be asking themselves if they know what stocks they own and why they own them, Jim Cramer said Tuesday morning. If a new investor owns a stock simply to ride its momentum, now is the time to be a seller.

"These people who are in there because they think stocks just go up -- they are the ones that are going to get hurt," Cramer said.

'Rocky' Months: September and October are historically "rocky" months for investors, especially ahead of a presidential election, GTS Principal Reggie Browne said on "Squawk Box." Any near-term sell-off will likely be viewed as a buying opportunity heading into the end of the year.

"I see nothing but blue skies going forward," he said.

Easy Money Already Made: This makes it clear that all of the easy money has already been made, JPMorgan Asset Management's global market strategist David Lebovitz also said on "Squawk Box." As such, many of the hot tech stocks have now "come back down to earth."

Other Indices Will Go Down Less: Major tech stocks have grown in value in the recent run-up so they will exert an oversized influence on the direction of the index they are a part of, Axiom Capital Management founder Liam Dalton said on CNBC's "Worldwide Exchange."

But indices like the S&P 500 and small caps will "go down less" than the Nasdaq-100 that is "dominated" by high valuation tech giants.

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