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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 71.51-0.8%10:46 AM EST

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To: bambs who wrote (44269)12/8/2000 9:00:48 AM
From: t2  Read Replies (5) of 77397
 
Maria (CNBC) there is a lot of cash on the sidelines. I think many will finally get the itch to buy.
14 billion into Money market funds and lots into equity funds.

Liquidity is my reason for saying we are going to be around 3500 in a short time. Year end buying is here. In November the short interest in the Nasdaq did not drop significantly from October. You can just guess that many will now just cover and not only that ...ride the long side for a while..just as you are planning to. Add that to new money coming and we have a recipe for a big move. People will start chasing the Nasdaq if it has a couple of days of nice gains.
I also think the shorts were more agressive in higher PE stocks and that is why I want to be in those--PMCS, JDSU, JNPR.
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