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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 73.42-2.4%Jan 20 3:59 PM EST

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To: Monty Lenard who wrote (43782)11/28/2000 1:57:00 PM
From: chic_hearne  Read Replies (3) of 77400
 
Hi Monty,

You are right that I am a little bit more bearish than the average bear. Look at it this way, the Naz has already been halved, but there's plenty of stocks like Crisco and Oracle that still need to lose 90% of their current values before a bottom is in place. This should be enough to push the NDX down to the 500-700 level.

I'm working on building my Crisco short position at the moment. So far only a few hundred shares, but I'm not entirely sure how far up a post election rally will take us, if it even actually materializes. Crisco is my most comfortable short because I'm so confident it won't go up. I believe it won't go down as fast as some other short candidates, but it's more of a sure bet with low risk.

What's your thoughts? homepages.go.com

chic
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