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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Rich1 who wrote (34258)	5/18/2000 1:10:00 PM
From: John Pitera	Read Replies (1) \| Respond to of 63513

Well lets get Alan's opinion -g- Cramer defends CSCO. hey Jorjie, send him over a case of something will ya -vbg- -------- Defending the Dog By James J. Cramer 5/18/00 11:58 AM ET OK, nobody else will say it, so I will say it. This market is all about Cisco (CSCO:Nasdaq - news - boards). Cisco acts terribly. No kidding. It is miserable. It is doggy. It has chronic fatigue. It hasn't slept well. It has no energy. It is anemic. Is that clear enough? So what happens? We are not technicians. We know the technicians have turned on Cisco. We are fundamentalists. The fundamentals remain strong. We also know there is a lot of option pressure to have the stock close at 55 tomorrow but, well, big deal. As long as Cisco "acts" like this without any news, and we don't expect any, it casts a pall over the whole NDX market. What are we doing? Nothing wrong with the fundamentals, we are buying out-of-the-money calls in case the sellers finish. Yes, we think the sellers know no more than we do. We think they will stop. If we didn't think they would stop, we would still be buying, but not as aggressively. We like Cisco. I am a house man for Cisco. Take what I say about it with a whole truck full of rock salt. But we are not abandoning this company until our judgment is that the fundamentals have gone south. That is definitively not our judgment.