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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 73.99

+3.1%

3:59 PM EST

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To: bambs who wrote (45009)	12/19/2000 7:23:26 PM
From: t2	Read Replies (1) of 77398

we won't see a true bottom in the nasdaq until the dow and s&p get cut in half...at minimum....financials will be smoked...biotechs on the nasdaq...csco won't hit a true bottom for a long long time...I bet 5 years....Many bounces and false rallies... The FED's easing stance is the start of an upturn in the markets. People are not abandoning the market, they are shifting to other areas (tax loss selling a big factor). With bond yields so low, you doom and gloom scenario will not come true. Do you notice that non-tech stocks don't drop. If those sectors decline, you can expect to see a rally in the techs at the same time. Don't expect to see much more than some rotation. Right now, it is basically momentum trading in the downward direction in the Nasdaq. I am giving it a few more days. The bargains will be too good for a lot of cash rich funds to not take advantage of the bargains.

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