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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: Jenna who wrote (115882)11/1/2000 12:39:55 AM
From: Jenna  Respond to of 120523
 
We are now in 2000 AC (After CSCO era)

So we can't hold our technology stocks until the next ice age or for our grandchildren, but while others are 'waiting for the market to bounce back' and make that illusive bottom, we are making money on the market sentiment, whatever it happens to be. When Cisco Systems (NNM:CSCO) dropped below 50 to an intraday low of 46 on Monday we saw there was life (AC.. after the CSCO era) even in the technology sector. That sell off could have been that climactic panic selloff we waited for or there could still be another correction, but whatever happens, this is the new AC era and nothing will ever be the same as the BC (Before CSCO era) when techs could do no wrong.

Sure this market is oversold, but it got that way naturally, through a sell off that was 'in the books' and a disaster to some but good fortune to those that capitalized on the short play. When this market returns, savvy traders will change their hats and go for the gusto on the long side, proving there is life in the tech sector AC (After CSCO)..