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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.69+2.2%2:34 PM EST
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To: RetiredNow who wrote (36696)6/2/2000 10:22:00 AM
From: RetiredNow  Read Replies (2) of 77400
 
Message 13791304

Hi all, I want to take a moment to examine our short friends. On May 28th, when I predicted that the selloff was over and we'd see new highs by July, Bambs and a few others decided I was a raging idiot and that this was another indicator to justify their shorts on the way to NASDAQ 3000.
Still others said that predicting is silly and for fools. Well, I agree it's silly and good for fun and games, but it has been so easy in the last 5 years to predict the timing of the selloffs and and rallies. It's like clockwork: down in April-May, up through July-August, down through October-November, and strong rally through January-Feb. It happens almost every year!

Now being a long term guy, I just buy the dips consistently from the money I save from working hard at my job (what a concept). And you know what? I have a shitload of Cisco and Nortel now and no major tax burden! I guarantee you that even though it appears I know the timing of the market fairly well, I am making more money going long in little chunks. That is a concept our short friends and our daytrader friends will never understand - unfortunately to their detriment.

OK. I've had my rant, now I'm ready to be flamed. Bring it on shorts and daytraders! :)
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