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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.42+1.9%Dec 19 9:30 AM EST

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To: Monty Lenard who wrote (44014)12/1/2000 5:12:54 PM
From: bambs  Read Replies (2) of 77400
 
rallies sold is right...made some nice cake shorting in the afternoon. Even shorted CAKE...just for fun.

The lows of october broken in november makes this decline look similar to 1929. Curbs prevent the big one day drop but we are following the pattern pretty good.

The dow to 2 years to complete the decline started in 1929...90% decline in the end...that would put Nasdaq at 500-600 in 2002. I think we could see it...I'm very confident that 1500 will be seen. And I would say that a test of 1000 will come by the end of 2001.

bambs

p.s. I guess SI Bob gave me a break...I didn't know that you couldn't post private messages that people send you. Is that a real SI policy?...if it is, it seems silly...Someone sends me a rude private message I should be able to repost if I like. I never asked them to send me it.
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