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Strategies & Market Trends : Guidance and Visibility

AAPL 270.17

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3:56 PM EST

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To: GHOST TRADER who wrote (12484)	8/24/2001 11:40:18 PM
From: 1podstock	Read Replies (1) of 208838

Hey cosmo..maybe the silence is due to the shorts covering and then leaving for the day. Either that or they held their shorts and left to go out for the day. You SERIOUSLY think the bottom is in, and it's a rally from here?? Tell me, what techs are institutions buying: CSCO? INTC? DELL? MSFT? CIEN? AOL? etc. Show me the volume from the techs that indicate there's been accumulation going on. Are you not aware that CSCO has a PE 80 (or near there), and you are paying for their less than 20% growth rate. You think this was a REAL rally, based on news that could lead to increased earnings? Is CSCO going to have better than expected earnings for the next quarter (lest you forget, they LOWERED expectations for the next quarter) Sure, the rally can continue...BUT YOU DON'T SERIOUSLY THINK IT'S GOING TO 3000? enough said. and biding my time until I re-set shorts.

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