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Strategies & Market Trends : Sharck Soup

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To: DebtBomb who wrote (21587)	5/9/2001 11:04:34 AM
From: Ron Dior	of 37746

"IMO, the news was bad." I agree, but the point is was the news any worse than people had expected? I still think the market was just looking for an excuse to take a break. CSCO's profits were bad but future outlook was same or better. That is what the street was more concerned with. If this sell off was based on CSCO's profits the Naz would be down 150-200 by now. IMO the strength of the market here proves that they were more focused on the future outlook for CSCO which is getting better with an uncertain time frame at worst. If the market were to sell off big EOD I would then change my opinion. As for now, I am still bullish. Ron Dior

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