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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 74.65-0.8%11:12 AM EST

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To: chic_hearne who wrote (50177)3/20/2001 6:57:40 AM
From: AugustWest   of 77400
 
Chic, re: Bear on the cover.

As Ron Insana mentioned yesterday before the final blow of the bull run, a bull appeared on the covers frequently over several weeks. I don't think this bear is ready to hibernate just yet. Perhaps some individual issues are close to bottoming. But it ain't over by a long shot.

But just to play it safe, I've closed out my shorts in the NAZ. Currently short IBM and 3M. I'm short on both from $115 and going to try to ride out any run. I'm also wondering if any rally won't be exclusive to the COMP.

EDIT, here is another thought
Message 15528020

And Wayne Angell this morning calling for a 4% fed funds by May 16th
Message 15531420
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