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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Eric K. who wrote (111598)	5/19/2000 3:22:00 AM
From: tejek	Respond to of 1584013

Eric As to Cisco, you made my point for me. As people have started to question CISCO and the hold rating appeared a few months ago, the stock has stopped rising. When it was going up massively, there were virtually no detractors. There were detractors but they were not in the majority. For an example I would not buy CSCO on its way up because I felt it was over valued even then. Point being, the idea that when everyone is bullish there is a contrarian indicator is wrong. The warning occurs when the very first bears start emerging from the woodwork. There always seem to be bears for every stock at any given time....look at the current short ratio for AMD. So I disagree with your conclusion....the warning occurs when there are more bears than bulls.....then the selloff begins....but even that doesn't progress steadfastedly so that it takes some bulls forever to figure out that the party is over. ted