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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 75.78

+1.9%

9:55 AM EST

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To: larry who wrote (60312)	7/15/2002 7:40:13 PM
From: RetiredNow	Read Replies (2) of 77400

Hi Larry, what I meant by saying that the analysts were morons for saying that we still haven't seen capitulation is that we most certainly have seen capitulation. Problem is the analysts say that capitulation must not have occurred since the markets are still going down. I beg to differ. There's no law written in stone that says that markets can't go down further, even after the average investor has given up hope. I contend that the average investor HAS given up hope. That's why I, like you, think that this market is range bound for awhile longer. However, I still think we'll see a little pop in August, followed by nice fresh lows in Sept and Oct. :) Hang on tight folks! This is nasty.

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