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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.03+0.8%Nov 14 9:30 AM EST

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To: The Phoenix who wrote (43762)11/27/2000 10:34:21 AM
From: bambs  Read Replies (1) of 77399
 
did you or did you not call LU a good long term buy at $50...with "little downside risk"?

Did you ever post on LU thread or any other thread that you sold your LU in the $60's before it traded back under $50?

That fact that it bounced up to $70 off $50 didn't make LU a good long term buy. I am not the one trying to bend the truth. That fact is LU is sub $20. Any one that bought at $50 thinking it was a good long term buy with little downside risk was proven wrong by the market.

Look at Blodgets calls. The stocks did trade higher and gamblers that followed his calls could have made some nice money. The fact remains that most of his picks are getting smashed and anyone that bought the dips for the longterm on stocks like PCLN, AMZN, YHOO etc. are getting killed.

Blodgets calls were horrible calls. LU at $50 was not a good long term buy...it had significant downside risk. The call was a terrible one. Get over it.

Bambs
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