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

To: Doppler who wrote (37523)	6/5/2000 10:12:00 PM
From: John Pitera	Read Replies (2) \| Respond to of 63513

Sure thing Jeff, I figured that the rest of the crew might benefit from one of those links as well. I also posted that on my mkt Lab thread. The Financial times site keeps improving, as the the web overall. --------- Cramer had some positive words for CSCO late last week. -Cisco Will Ride Again By James J. Cramer 6/1/00 11:40 AM ET Click here for the latest from James J. Cramer. Although I like the drillers very much, I am always cheered when they go down and the banks go up. It is a sign that inflation has been stemmed. Same with the wood products companies which are in freefall. Aluminum and steel can't get out of their own way. We are not selling strength. We are hoping for more weakness to put more money to work or to bring in remaining shorts. We think that stocks like Cisco (CSCO:Nasdaq - news - boards), so tarnished, so attacked, so under scrutiny, so questioned by everyone for valuation purposes, so, well, disliked (despite the multiple, it is a whipping-boy stock now by the pundits) are now ready to roll. And we think we have seen the bottom in Microsoft (MSFT:Nasdaq - news - boards), a stock that has been cut in half. The new conciliatory tone of the Soft folk encourages us. We know the fundamentals have been sluggish. We know they haven't turned. HECK IF THEY HAD TURNED, THE STOCK WOULD BE AT $90.!!! We are not in love with consumer tech -- the stocks that need a strong consumer to buy more hardware. And we are not even in love with the near-term fundamentals of Mister Softee for that same reason. Again, though, we think that the pessimism has created a price worth moving on. Take Hewlett (HWP:NYSE - news - boards). They said nothing really great about the PC division, but the stock is up nine points. That stock is screaming out "near-term you are OK." We are listening.