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To: Dealer who wrote (27991)8/5/2000 8:59:34 PM
From: Ex-INTCfan  Read Replies (1) | Respond to of 35685
 
Yes, trading is the thing to do here. It took me a long time to figure out, but this is not a LTBH market right now. I've been doing a little trading lately, and the account looks much the better because of it. (Plus, I'm enriching Charles Schwab, and I'm a shareholder.)

I don't like to call this a bear market, but I do think we have a downward bias until we can get Alan Greenspan to say something positive and unequivical (right!), so you can't get locked into positions.

Nevertheless, we should bounce up more next week. On strength I will be taking some (way less than half -- more like 20%) off the table to reinvest in downdrafts like we had last week. CSCO will have good earnings next week, and the charts of many stocks have bottomed for the short term, hence my optimism for next week. Worst case scenario -- CSCO blows out earnings and the market dives. (I don't even want to think about that. In fact, I am commanding that it not happen.)

Next week should be good for the networking and financial services stocks.

INTCfan