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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.04

-0.3%

Nov 26 3:59 PM EST

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To: t2 who wrote (41865)	10/30/2000 8:53:20 PM
From: bambs	Read Replies (4) of 77400

Agreed. I think we could see some upside in the first few days of Nov. CSCO will set the tone for next week and the election may shake the market all around. One thing to consider is a post-election sell off. After talking with many traders over the past months one thing seems consistent. They all felt confident that the market wouldn't sell off too much before the election. The felt that Greenspan would do his best to look neutral and try to help the market higher at the same time. I think the confidence in the market not selling off because of the election helped traders have the confidence to step in and try to buy the dip over and over again. Perhaps, there will be more fear after the election. Post-election years have historically not been very good for the markets compared to election years. If the NAS loses 3000 in november i think we will see real fear for the first time since 87. This bond problem will be the wild card that will eventually smash this market. You can bet on it. I do... I will be looking to short the SPY, QQQ and DIA if any weakness appears post election. It will be a short and hold for me if I stay in the green on the trades. I will be keeping a very tight stop loss though. By the way if any of you have read the barrons article on AMZN you might want to consider taking a little short in that pig. I shorted a few shares today..average price 33 1/4...It's a tough short though...I will cover if it breaks last week high of $37 ish. I'm thinking of even holding it to $40 ish if the market goes up in the next few days. I want to be in a class action lawsuit hits the directors, AMZN or the underwriters of the bonds. From the tone of the article I think the likely hood of such action is likely. Also, I think they will not be able to raise any more capital going forward...look at how the AMZN bonds are trading now. Who the hell is going to lend them money? They will be burning through their remaining capital in 6-9 months at this rate...a year at the most. I would like to hold the short til $0. I pissed that I didn't take more advantage of the PCLN short opp. For those that are interested compare the financials on EBAY to AMZN. AMZN and EBAY are close in market cap. EBAY has good cash, profit and little debt. AMZN has a book value of -$1.40 or so and burnt a billion dollars this year. AMZN will go broke! That's my call. It may be a rocky ride but if you have the cash to hold through the squeeze you should be paid in the end. At least that's what I hope. Bambs P.S. I almost wish I wasn't posting this on here. The odds of me getting squeezed and stopped out is fair considering the time of year and the hype on stocks like AMZN. I know I will be laughed at if it does break $40. But, I am confident it will go broke at some point...at least trade down into the $5's like PCLN. It's just the timing thing that tough on this one. If I do get stopped out you can be that I will be looking to re-short on the first sign of weakness and "hold for broke" on amzn that is.

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