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To: greggcap who wrote (1575)9/8/2000 11:35:24 PM
From: Boplicity  Read Replies (2) | Respond to of 3350
 
Sure. You did a good job calling the top too. It's most obvious given the current market conditions an investor/traders needs to understand that the market will continue to move one or more sectors higher then turn around and bring them right back down. The fed has done great job changing the perception in the market and making money scared. But there is still too much damn money to kill it. So, it instead of rallies spreading out, it chases groups to unsustainable levels that end like this rally is ending, even though fundamentally the sectors and the companies in them are sound. That is exactly what has happen to the infra and optical sectors.

The current reason for the selling we have now, Telco equipment buying slow down, is largely wall street generated, so I feel it's an excuse and indication of perceptional change that lead to short term buying power being used up. So, the infra plays will not do a net swan dive in to a dry pool like the net sector has, but they are going lower, unless of course there is really a slow down then they will really dive.

Greg