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To: chowder who wrote (76548)	10/17/2000 5:09:25 PM
From: ItsAllCyclical	Read Replies (2) \| Respond to of 95453

>> Oh My!!! Slider, CMTN is down almost 50% in after hours << Reduced CLEC spending. I forget what that acronym stands for. I think Competitve Local Exchange Carrier. This obviously impacts the entire sector. CMTN was the leader in DSL chips. EFNT, NTPA etc have already taken a hit, but they'll take an even bigger one tomorrow. I think DSL will rebound, but it's dead money for now. CMTN revised it's estimates for 2001 from 1.37 to .16 to .25ish. Pretty amazing. PC sector slowing. SOX going down the tubes. Right now the only three sectors holding up the Naz and preventing a fall to sub 2000 are the BIO-Nuts, B2B and Optics plays. Two of the three are VERY vulnerable and the last one isn't exactly cheap. Go read the CMTN board. This was considered a blue-chip stock within the sector. People have been wiped out - completely.

To: chowder who wrote (76548)	10/17/2000 5:38:15 PM
From: SliderOnTheBlack	Read Replies (5) \| Respond to of 95453

dabum; XLNX, RFMD, IBM , CMTN - OHHHH THE HUMANITY ~ "It's the Valuations - Stupid" is the NAZ/Market story... Doesn't matter that earnings & the specific subsector outlooks may be very bullish & even if the economy is stil chugging along... it's all about "Valuations" & Liquidity here. The "Stunner" today - should be the Trim Tabs piece as reported on CNBC today; that MARGIN is "ONLY" 10% less here today,than what it was at the peak of the bubble in Dec 1999 - that stat should have had traders flying to hit the sell button. Untill "that" statitistic that had to have allmost given Alan G the "big one" today; is eliminated from this market - we "aint" even close to a bottom. Shockingly; we were led to belive for months here that nearly "all" of the reckless margin leverage that existed this spring had been eliminated - it obviously was NOT. Until this is corrected; being long "anything" in the NAZ is moronic - simply clueless. Anything can open down 30%+ on any given day... - That's not risk vs. reward bottom fishing - that's Russian Roulette ! People; Greenspan has to "dry up" liquidity here - that margin leverage MUST and WILL be SUCKED OUT of this market -it is happening in its beginning stages here - that's why we're STILL seeing the one day 30-50% haircuts in "name" companies like CMTN tonight and it will continue to happen untill this unprecedented margin is sucked out. Greenspan knows what the BLS & the FED is trying to minimize , spin & ignore concerning Oil & Energy costs; he knows driving via the rear view mirror cant go on eternally. He's used the ESF to "stabilize" (read manipulate) the markets - he's seen the white's of his own eyes far too often - I am sure. He has to dry up liquidity in the market & that will suck out all that margin - we've got soooooooo much lower to go on that single concept alone; that this aint even a difficult call people... the NAZ is done for a while, this isn't going to be resolved in any 3 day "V" bottom - this is a weeks, months & quarters problem - put a freekin' fork in it. The first precept in projecting ANY NAZ bottom here; is to project where the NAZ must bottom when that beyond irrationally exhuberant margin level; is removed from the market. Institutional Investors are way, way, way overleveraged to Tech and equally as negative; they are fully invested here. There is little ammo left to prop up this market... very little and one hell of a lot of leverage that's about to be sucked out of it. - THAT is beyond a recepie for disaster; that's a road map....(in bold type !). ... in all seriousness; 2 weeks ago the level of serious overall market discussion on economics, money supply, the Fed, global currencies etc... reached the most intelligent & informative level in this threads history . Many here began to look at the market valuations as obviously over valued & where are we now... ? But; all it took was a market selloff & the messenger and the message had to be attacked...because so many were obviously so wrong. Ohhh sure; I couldn't resist emptying my cafeteria tray in the ensuing food fight; but when the Princess Di's of the world come trotting out of the woodwork to congratulate the "Ed's" of the world for "their " well thought out posts ?!?!? - C'Mon .... who's Zoomin' who here people ? I'd like to see the "flakes" run off when they try to silence reality, or the minority opinion; especially when that minority opinion proves so correct & then the messenger & not the message is attacked. Honestly; what's up with that ? What have the "Ed's, the Di's & the Sharps really contributed here. Really; show me one original thought, one concept out front of the market here; just one... Do we "really" want to return this thread to just a coffee klatch hang out for fish stories & after the fact back slappin' ? ... your choice folks - aint nothing in taking the abuse here for me; it's a sounding board - often the best thread on SI; but the referee's whistle needs to blow both ways people....it has to be self governing - aint interested in doing all the crowd control myself. Well Copper Mtn crushed & now IBM down $7 in after hours... missed the revenue number growth rate of 6% - only hit one half of that at 3%... the beat goes onward & downward ~ XLNX down after hours too... oh my indeed... Damn; now RFMD - an Invest LTD thread fav - literally decimated here - blowin' up.... I can't take watching any more folks - OHHHHHHH THE HUMANITY ~ tic - toc ~ Got Gold ?