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Politics : High Tolerance Plasticity

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To: Sweet Ol who wrote (756)	3/1/2001 9:06:14 PM
From: Don England	Read Replies (2) of 23153

as to all the back-and-forth on bottom vs. no-bottom-in-sight, i would like to point out that the bottoming does seem visible in given stocks. today saw 225 lows on the naz with the overall avg. really in the dumps. but recall how in mid dec. we were going thru a similar period of gut-twisting uncertainty, at higher naz avg. lows, and at that time we were seeing 700 + new lows. there is a flattening going on. cpq has been one i watch in that it hit 15ish in dec. but even today only sank to about 18. idti, which i bot today, is a similar case. everything i picked up is fairly low p/e, for the moment - or until it guides lower. i noted someone earlier saying they were waiting to pick up fcs ~12. this is another that would seem to be finding its bottom; at 14ish tod. i think maybe the downside is limited. an amcc is not one i am going to play regardless of the profits being bandied about. cy and amd are more my speed. this is all just conjecture on my part, comparing dec. lows to where we are at now. but i am taking comfort in it. the reason i am concentrating on chips is that they just seem to have more bounce for the buck. don

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