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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 72.10

+1.4%

Nov 10 3:59 PM EST

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To: t2 who wrote (45014)	12/19/2000 7:55:15 PM
From: michael97123	Read Replies (1) of 77397

The bears should be recognizing the coming bottom just as some correctly called the top. Nasdaq wipe out is summed up by this from the amat thread: In the span of nine months, the Nasdaq index that was once the proxy for the bull market has lost 50 percent of its value. It's also down 38 percent this year. Tuesday's losses, if they hold for seven trading sessions, would give the index its worst annual performance since the creation of the Nasdaq Stock Market in 1971. Question--Do we really believe the sky is falling? Brokerage firms are fueling this selling so the can pay for bonuses and christmas parties. And then as we get closer to January or a few days into it, they will scoop this stuff up at bargain prices. Look for a day where there is a big selloff followed by a reversal all on large volume. Coming soon I suspect.

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