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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 86.80+0.6%9:48 AM EST
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To: RetiredNow who wrote (36696)5/28/2000 8:39:00 PM
From: Eski  Read Replies (2) of 77400
 
I can't resist and comment on such an stupid post as this.
I'm even going to save it to remind you in July how wrong you'll be. The Nasdaq will in no way shape or form see the Old Highs again for a few years. Higher Interest rates will have an negative effect on Tech earnings in due time PERIOD. The Nasdaq will see sub 3000 in just a matter of weeks then I believe MAYBE a true bottom will be in place.

As far as daytraders is concern your comment shows your level of stupidity of your knowledge of Daytrading. Most daytraders even the one interviewed on CNBC loved this downturn. We/They shorted the HELL out of this market. They come down faster then they go up. True daytraders don't hold positions over night. It was the average Joe invester buying on the dip mentality which doesn't work any longer, like the one's on the Porch on SI Thread, that got killed being heavy margin out. Just go over there and read some of the horror stories. My freind you should thank Daytraders for they add alot of liquidity to the market and were a major part of the ramp in the Nasdaq whether you want to beleive that or not.

Go ahead and buy this week, it may go up but these bounces are met with waves of selling in the following days. I believe you'll be the one who will learn a lesson here soon. You'll see, Good Luck to you.
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