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Technology Stocks : Full Disclosure Trading
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To: Cary Salsberg who wrote (5245)4/23/2003 2:34:23 PM
From: Jacob Snyder  Read Replies (1) of 13403
 
OT CSCO:

I'd short more at 20. "Soar" would be another doubling, from 15 to 30. At 15, we've already got almost a doubling off the 2002 low.

<nobody has a clue when the environment will indicate future significant improvement>

That's my bet. In order to make money, an investor (err, gambler) has to guess and take risks. I'm betting that IT spending (and the consumer spending which ultimately drives corporate IT spending) have no "significant improvement", in the next 12 months, and that if the market expects this (and bids up stock prices on that expectation), it's a shorting opportunity.

My current outlook is that the market is going to be in an extended sideways range, and that is going to continue through 2003. SOX 200-400; maybe a brief spike to SOX 600 is possible.
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