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

To: The Phoenix who wrote (41547)	10/26/2000 4:13:35 PM
From: Bill	Read Replies (1) \| Respond to of 77400

JDSU beats.

To: The Phoenix who wrote (41547)	10/26/2000 5:14:19 PM
From: bambs	Read Replies (2) \| Respond to of 77400

It's really quite funny. We have talked about conviction. We have talked about the need for belief in one's trades. I find it very ironic that longs of JDSU, CSCO, NT and all big cap tech for that matter, talk about growth rates and 3-5 year projections. You yourself have talked about a 5 trillion dollar industry this and that. So why do longs all dump at the slightest sign of a slow down now. Shouldn't it just be a bump in the road? I guess that why you think that one day drops in stocks like LU or NT are buying opps if you are long term. I think this is a good example of the mania. One day it's a 5 T industry in 5 years. 30-50% earnings growth for 5-10 years. Then a little revenue short fall. A slight decline in margins and wham! 25-40% off the stock. 60-90% in a few months. This risk in the market is huge. Most people that bought didn't understand the risk or even why they bought. At some point this Nasdaq will be oversold because the same dumb people that bought the top end of the range will dump into the bottom. The thing is I think that bottom won't be found for 2 years at least. It will be below 2000. Maybe below 1500. Bambs