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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.58

+1.5%

1:48 PM EST

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To: Eric who wrote (36099)	5/22/2000 4:35:00 PM
From: lawdog	Read Replies (2) of 77400

I think you will be relearning an old lesson over the remainder of this year. <g> JMHO. Shorts are the smart money here. They will reestablish positions or just sit on 'em. No reason to act any different unless some way out is found from the rock and hard place the NASDOG is between. Institutional selling will continue. Earnings warnings will begin soon. Then downgrades and lowered earning's estimates. Multiple contraction is next (bye bye ridiculous multiples). Then maybe Greenspan will lay off with the hikes (but not before the NASDUNG squeals). It looks like checkmate to me. It will be a long time before those "investors" who bought at the top will see one penny of profit. They should sell now and take a tax loss. Put the $$ in a MM. Buy when it is obvious that the bear is over. I will be looking to short the rallies.

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