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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: David Lawrence who wrote (20697)	4/19/2000 7:42:00 AM
From: Moonray	Read Replies (2) \| Respond to of 22053

I am not so sure that we have not seen the bottom. At the very least a test of the lows lies ahead for the Nasdaq, and very probably for the Dow. I'm still building up cash to mop up some yet-to-be-respilled blood in the streets. I would offer you this: 1) The price of oil has come down....a lot! 2) Fed already increased interest rates many times. 3) I'm 85% cash, plenty like me, waiting to buy. 4) The NAZ stocks most overvalued were hurt the most. 5) NAZ broke 200-day support going down, then again going up. 6) DOW did this earlier, now looks healthy. 7) Current NAZ rally lead by leaders, CSCO, INTC, etc. 8) A 35% decline in the NAZ was a lot! The picture is by no means clear, but the two stocks I own advanced 16% and 15% yesterday while I sat in 85% cash. I would offer that the correct mode right now is to do no shorting, make upside trades, make no long-term investments. o~~~ O