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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.94

+1.1%

Nov 28 9:30 AM EST

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To: Uncle Frank who wrote (34510)	4/30/2000 2:23:00 PM
From: Rarebird	Read Replies (1) of 77400

Uncle Frank: It appears that your argument against Ackerman's piece is twofold: 1) That he is bearish. My response to you in that regard is that he has been quite correct this year thus far and even more so recently. While many rookie high tech investors have taken a bloodbath this year through an usher of margin calls, the Bears have profited very nicely and have come out here like Bandits. Although I grant you that the Naz will most likely benefit short term from money flows looking for a place to hide from higher interest rates, an intermediate term top appears to be in here and the most recent volatility is far from over. What I think you will see is a bear market rally followed by lower lows. 2) <It turns out that the article is terminally flawed> How so? To just dogmatically state that someone's reasoning is flawed without demonstrating that it is flawed sounds worse than flawed reasoning. What it sounds like is a form of "irrational exuberance" that Greenspan is on a mission to destroy.

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