Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: AllansAlias who wrote (43155)	12/3/2000 8:06:10 PM
From: chic_hearne	Read Replies (1) of 436258

Bernie puking to neutral is a warning, no question -- but an early warning. I've been reading Schaeffer almost daily the entire year. The guy may be somewhat in denial compared to the extreme bearishness displayed on this thread, but he is no Clown by any means. Compared to the other jokers calling bottoms on wall street, I'd say he is definitely one of the better ones. Here is a piece from him a few weeks ago: KANGAS: Your bearish nature says buy puts on what kind of stock? SCHAEFFER: Well, I would still look to the technology leaders. I don't think the, I think the party is to the down side is kind of just beginning on some of those stocks that kind of refused to go down until recently like the Ciscos (NASDAQ:CSCO) and the Suns (NASDAQ:SUNW). KANGAS: And you are buying puts on a Cisco, for example? SCHAEFFER: Yes. KANGAS: Really? Anything else? SCHAEFFER: Well, in the technology sector, Cisco, Sun, Oracle (NASDAQ:ORCL) is another stock that I, that I'm not too thrilled with. KANGAS: OK. SCHAEFFER: EMC (NYSE:EMC), the so-called four horsemen that were leading the NASDAQ up.

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