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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: UnBelievable who wrote (54851)	4/21/2000 5:14:00 PM
From: Joe Lyddon	Respond to of 122089

Does that also mean BUY MSFT? (eom)

To: UnBelievable who wrote (54851)	4/21/2000 6:36:00 PM
From: E. Davies	Read Replies (3) \| Respond to of 122089

While I have come to expect nothing from financial writers rarely I have read something that so significantly fails to meet even that standard I have to disagree with you here, this is irregardless of whether TSCM is a good short or not (which it probably is) This article was exactly everything it was intended to be- a "real time diary" as Cramer puts it. It was powerful. It showed how a lifelong love affair can turn into a short in the blink of an eye. To me its a telling piece of the unraveling of the bull. (more on that later) Sometimes Cramer plays major moves in the market very well. Sometimes his capitulation is a perfect sign of a bottom. He'll adore a stock and its long term future until the chart looks bad then suddenly avoid the stock like the plague. Thats the beauty of it- it's a window into the mind of another trader with all his stregths and weaknesses. He's taught me a lot about the nature of the market, as I suspect most of the professional managers out there are pretty much the same as he. I also considered this piece a major tell in the unravelling of the bull. First step was when the Nasdaq went parabolic before Y2K and then had the nasty selloff in January. Next step was the collapse in LU- the most widely owned stock. Next the collapse of the "safe" stocks like PG and JNJ. Now comes the battering of the "most loved" stock- MSFT. Whats left after that? I believe next in line are the great "tier one" stocks that define the internet boom. AMZN, EBAY, YHOO. With them it will be slow and painful- but the time has come for them to finally return to earth. Bulls are tough beasts. They die slow. When CSCO with its PE of 180 dies that will be the sign that it is finished. Could take a year or more- but it will happen. I'll miss JJC when TSCM goes under. Eric