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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.42

+1.9%

Dec 19 9:30 AM EST

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To: larry who wrote (59897)	6/21/2002 4:26:42 PM
From: mary_a	Read Replies (1) of 77400

i agree with you on a trading bottom (probably mon low). but one needs to remember that there is no such thing as support in a bear market and i think we are going to be a long time recovering once we hit bottom. these "bottoms" on high volume will (in my opinion) only be shorter term trades. too many people still trying to catch them. i know last week i bought the q's at 26.20 but i know if we revisited that number again it would not hold so i was not even tempted today. i did cover my mmm short today...too early probably...but a profit is a profit. i am shorting but not tech stuff...i am shorting the stuff that has big gaps underneath and were the 'safe haven' stocks...or at least they thought they were a safe haven and are toting high pe's. anyway that is my 2 cents. a by the way... i remember having an argument last year with some of the bulls about the dollar. their argument was that a weak dollar would help the market...i finally gave up with the argument and we now see the weak dollar doesn't help anything. mary

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