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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Michael Watkins who wrote (39432)	2/8/2000 5:20:00 PM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 99985

Michael, the nutiness is at extremes, after rising 26% in one week CSCO comes in with lower margins and earnings fabricated as expected. They announce a stock split and the stock moves from 125 to 131. If accounting for stock options they do not even earn 20 cents a share. What a country....... CSCO a must own stock So far for reason and investment analysis. BWDIK Haim No position in CSCO

To: Michael Watkins who wrote (39432)	2/8/2000 7:32:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 99985

Michael, we could be in another powerful upleg in the nasdaq, that is why i have been cautioning people who are trying to short this market here. Daniel Zanger - mo trader, from chartpattern.com comes on the local biz channel and does a 1/2 hour commercial for his site about once a month was looking for a major top coming in late december/january time frame. Today he was on and was saying he went into cash and was short on the last downleg, then got his head handed to him and reversed and went long and made all his losses back since. I think this is an example of the sentiment that hit this market at the recent bottom - most traders were out/or short, also i believe the overbullishness was worked off from the 1/3 top, and a cash build-up by money managers is now being piled into momentum stocks. this is why i believe it is too soon to think about a nasdaq top until this thing exhausts itself, the trend is up for now. b