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Non-Tech : The Critical Investing Workshop

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To: Voltaire who wrote (12728)4/13/2000 5:53:00 PM
From: limtex  Read Replies (3) of 35685
 
Vol - Sorry to moan again but on days like this (a) it helps to share your fears and (b) maybe one has something to contribute.

So:- Firstly where is Batapaglia????? Then:-

1. SUNW and others out with stunning results after the bell and now still lower than this mornings opening

2. No sign not a snoff not a whisper of a rally that holds. Only the offer of more of the 2.45pm - 4.00pm sell offs to come.

3. What when all the earnings have been announced and there is no more news and all we have to look forward to is the Fed in May and you know what Mr Greenspan thinks and Mr Mayer is even more hawkish. So guess what they are going to be trying to do when the Fed meets.

4. The old sell in May and go aaway is around the corner. When has holding shares through the summer madness ever been a profitable or safe occupation? Put it another way...after last year and the year before do you want to hold any stocks from July through late October? How would you like another bout of last summer to ruin your life this year?

5. P/Es CSCO was the subject of a P/E discussion on CNBC today. CSCO was mentioned. A fantastic P/E for a great company is lets say 60 or even 65. CSCO has a P/E of over 150. The market...no forget that 'market' term....can you see investors getting really confident and enthusiastic to buy CSCO again till it gets a P/E that is more in line with normality?

6. The truth is that we've all been hoping against hope that we would see an end to this crash but it is becoming more obvious by the day that this is likely just the begining.

Where will interest in buying start again. Above 3,000 or below 3,000? or Above 2,500 or below 2,500?

IMHO it needs to get to well below 2,500 to jump start some buying interest.

Please please tell me I'm wrong.
Best regards,

L
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