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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: The Phoenix who wrote (41516)	10/26/2000 10:28:21 AM
From: bambs	Read Replies (1) \| Respond to of 77400

OT - one last thing about LU. I noticed you had to brag that your average price on LU is still under $20. When will you understand that that doesn't matter. When it was at $80-90 you must have been up some big coin. You bought on the way down and through away massive paper profits. Classic bull market trader move. As for me putting my money where my mouth is. I put my money in cash each night. That's where I think it's safe. I get 4.5% interest on my money from southwest. They let me trade with it during the day and pay me interest on my cash balance at night. It would be a waste of my capital to tie it up in a long term short on a stock like IBM or CSCO, It effects my buying power for my daytrades. I like to punch in and play 200 dma and 50 dma plays each day. Picked up ELNT this morning as it was bouncing near a 50 dma. Look at the chart that's a great daytrading stock. Bounces nice. Strong uptrend. Easy money for a level 2 trader. Before you say it's over valued...I agree. I short the thing too. I don't want to argue with you but I can't seem to help myself. I do respect you knowledge of the teleco sector. I enjoy reading your posts and find them informative. I just picked on you because I think you appear very knowledgeable to readers and I think that your forecasts are wrong. I am just trying to present another opinion. Many will be hurt buy doubling down on NT and riding it into the ground. I was watching news on Canadain channel last night. Everyone they interviewed on the street about NT was saying the same thing. "no point selling down here" "I'm in for the long term" "looks like a buying opp to me" I know a lot of people that have all there savings in mutual funds, index funds and selected big cap tech. The are so sure that they will retire young and make great money in the market. I think it's time to play safe. I think people think that there is "little downside risk" and are sadly mistaken. I know you protect yourself with puts at times...most people don't. Many will ruin their retirements. Bambs