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Politics : Formerly About Advanced Micro Devices
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To: Rob S. who wrote (125816)10/11/2000 3:50:29 PM
From: tejek  Read Replies (1) of 1583738
 
" This intensity of calls is the opposite of that seen last February-March period when clients wanted to buy all the "must have" techies.

And that was not when we bottomed. Feb-March was at the beginning of the fall.

I am seeing a lot of contrary sentiment that we are close to a bottom.

Market wisdom says that when everyone wants out of stocks is when we have bottomed. Yesterday CSCO scared the bejezus out of everyone when it fell below $50...everyone sold like lemmings.....at one point the stock was below $48.

Where is CSCO today? That, I think, may tell the story.

ted



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