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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 76.39+0.5%10:39 AM EST

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To: Eric who wrote (51800)4/18/2001 3:28:31 PM
From: Stock Farmer  Read Replies (1) of 77400
 
Yup - sure glad I'm not short...

... posted over on the den of bears that there are sounds of a new market. Very tempting to ease in here.

Could continue to be violent to the upside, but would look to see base establish for health and rate of growth commensurate with business health. That would signal opportunity to commit capital. This +10% bouncing in the day is just too irrational for me.

If it just goes straight up I would place my chips on a downward bias starting 2700 NASD with predefined loss limits and longest possible horizon.

I want to see where we head once the exuberance of the rate cut subsides before determining outcome.

As to fed move, it's the banks, IMHO. Not the market per se. Coupled with higher than usual money injection. Something big is happening and if they do well we will never know what it is. It's a quarter later than the last one... I wonder if it has to do with bank asset window dressing (just thinking out loud, not making any point).

John.
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