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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 73.87

-0.1%

Jan 9 9:30 AM EST

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To: JRI who wrote (41099)	10/19/2000 10:20:09 AM
From: The Phoenix	Read Replies (3) of 77400

JRI, Actually I think the root of the issue isn't necessarily bambs view of the market - I think has more to do with viewing the market at all. My point is that bambs is a day trader. He moves into cash each night and the next morning makes a guess on market direction based on sentiment. Yes, underlying all this he has a bearish bias due to high valuations and what he percieves to be weak economic conditions but all in all he is still a day trader. I think the same can be said of Monty Most of the old timers on the CSCO thread (and for that matter most tech threads) are net bullish. Why? Becuase there is no doubt that there is an underlying benefit that technology is bringing to the marketplace (and I'm not talking about dot coms - I'm talking the SUNW, ARBA, CMRC, CSCO, NT, BRCM, GLW's of the worlds). Not just the internet but also to old-world companies in the form of streamlining operations and reducing costs. Lizzie pointed some of this yesterday. So, those of us that have a longer horizon and see the continue growth and expansion in the tech sector understand that this is not the time to flip flop around on positions - maybe add - but certainly not sell them. The tech sector overall is indeed healthy. That said we do need to remain vigilant regarding worldwide economic conditions which could slow growth. Bambs does bring some interesting background in here and we would be wise to include that data in our analysis. But in the end Bambs, due to his trading style, will always flip flop around dependent upon sentiment whereas most of us will sit and watch and wait. The final point - I'm not sure why bambs uses economic data as it has little use in his day-trading... he quotes the data often but it actually has more importance to the long term traders than it does the day-traders. As Peter Lynch says "Stay the Course". OG

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