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To: Perspective who wrote (7979)	8/2/2000 10:28:04 AM
From: AllansAlias	Respond to of 436258

bobcor, Go for it my friend. What you say makes good sense to me. I will restate the point I was driving at one more time. I am not against shorting these companies. I have no opinion about where they are going. My point is that I think there are easier targets that have no future over the next 6 months. Fuel-cells and alternate energy plays have a brighter future than any POS or POC that is mentioned daily on this thread. Good trading. --Allan

To: Perspective who wrote (7979)	8/2/2000 11:11:03 AM
From: Perspective	Read Replies (4) \| Respond to of 436258

I thought I might take a second and explain my appearance here on the thread. I've been a long-time lurker, but just a "basic" member. I figured I'd just waste MORE time and money if I started posting as well. Also, I knew that if I waited long enough, SI would offer it to me free anyway - which they did last month. I've been a prime beneficiary of the bubble, thanks to my employee options at a semiconductor company. I'm also chief skeptic. I don't trust securities analysts any further than I can throw them, which is something I learned in the 1990 bear market. I was a victim of some of their small-stock touts. They predicted these companies would triple their earnings, and, guess what, they went bankrupt instead. I was also a "buy-the-dipper" two semiconductor cycles ago, so I learned that the analysts weren't to be trusted regarding the semiconductor cycle. I believe in technology. I know the power it has to revolutionize our lives. However, I also believe in bear markets. No technology (except maybe depressants?) has the ability to overcome the human nature to be most optimistic when things are brightest and most pessimistic when things are darkest. Greed and fear are alive and well, and we are witness to one of the most dramatic displays of greed in history. Earnings increases provide the long-term fuel for sustained increases in stock prices, and greed, fear, and interest rate fluctuations provide the sharp excursions above and below that trend. I believe that the Internet is a huge invention that is changing our lives dramatically. Hell, I hardly even turn on my television any more. But it is hardly as important as the invention of electricity, the automobile, airplanes, mass production, and robotics. Yet, somehow, none of those ever repealed the business cycle. When I first noticed that the annual returns from the indexes had doubled, back in 1995-6, I knew it was a bad thing that would be undone. I also knew it wouldn't become a problem until the next bear market, which at the time was likely still years off. After watching the most immense blowoff top in history unfold in the first three months of this year, I believe payback time has come. Extended secular bulls like what we've witnessed produce extended secular bears. It's just the nature of markets.