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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?


To: bambs who wrote (36768)5/31/2000 3:19:00 PM
From: JRI  Respond to of 77400
 
Bambs...chill out...I never called you a fool...I think I've been pretty even-handed in my comments towards you....although, of late, you have been filling with more and more hyperbole as the market has strengthened and risen....given some data to your arguments, or you shouted "Naz 1500" in the this crowded bull theater will only lead to a stampede..

I have enjoyed reading about your trading strategy, and do consider your arguments....but flaming posts are not interesting, bull or bear..

I disagree with your assessment of today...Yesterday, we were up 8%+....to go flat today is no big shakes....volume is going to be lower for a while...for quite a few daytraders got taken out and buried...also, Robertson/Soros/ and a few other (who do a lot of volume) hung it up....so, I reckon 1.4b (which we will do today) is like 1.7-1.8b in March..which is a pretty strong day.....

Bears need the Naz tanking this afternoon...I think bulls will be happy with flat or, a really great-case scenario...a rally at close...

Bears ALSO want to break the psychologically of buy-the-dips..for the existence of buy-the-dip assures that a long-term bear market (in the current super economic environment)
is virtually impossible...I agree that "buy-the-dip" psychologically has been bruised, but I think it is premature to call it buried...

"Buy-the-dip" is a pretty logical conclusion if you look at the history of the U.S. stock markets in good economic times...it has yet to be disproven as one of the top stock trading strategies....I doubt it will be this time either...