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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (25782)	3/28/2000 8:44:00 AM
From: j g cordes	Read Replies (1) \| Respond to of 68258

After December it appears CSCO became the allocation beneficiary of of MSFT's mis-fortunes. I'm wondering if MSFT will soon be a good call candidate and CSCO come back to its trend.. siliconinvestor.com

To: Clint E. who wrote (25782)	3/28/2000 9:20:00 AM
From: drsvelte	Respond to of 68258

S&P futures up 9, go to work Get to work, S&P futures down 9! Hmm. Cohen's Call and the CNBC Effect By James J. Cramer 3/28/00 9:07 AM ET Click here for the latest from James J. Cramer. The CNBC effect will be the way to judge this Abby Joseph Cohen "take something off the table" call. That's the big change in the investment firmament. There was a time when the Goldman Sachs call would be made, it would percolate among Goldman's clients, and then at 2 p.m. the public would possess the call. Not anymore. Now the call gets wide credence before the opening. If this call is hammered home repeatedly on CNBC before the market opens, the individual investor, which is the dog, not the tail, as my friend Steve Galbraith has been saying at Sanford Bernstein, will fetch bids and bury them. This is not like the old days. In the new market, the individual is the marginal buyer or seller and the individual doesn't think about "preserving a quarter" or "window-dressing" or propping up National Gift Wrap.com because that will ensure that he finishes up 20%. The individual just bolts. Cohen's call took London from plus 20 to minus 58, and it wasn't even about London. I don't want to underestimate the impact, and I want to stress, again, that pockets of institutional strength might be trading opportunities to lighten up if you haven't already.