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Technology Stocks : CSCO - where's the bottom?!?!? Bear Thread -- Ignore unavailable to you. Want to Upgrade?

To: bambs who wrote (146)	11/28/2000 7:46:45 AM
From: t2	Respond to of 253

Intel, Cisco, and NT are going higher bambs. This mornings reports out of Europe indicate a good environment for a rebound in the economies. Intel is going to trade on Ashok Kumar's recommendation, just like it sold off big on his downgrade. NT's valuation is quite low given the high barriers to entry. Cisco has been dead money in a down market and that is a great thing. I think you could have made a lot of money shorting on the high PE chip stocks as well as the optical component stocks. These stocks had PE that were just too high and there were better valuations in the value semiconductors stocks like MU---which has been going higher on downgrade after downgrade---from the low 30s. The cheap semis are good longs if one wants to combine it with some shorts in the higher PE stocks. Beware of internets; short interest is too high. When the traders realize this, they won't care about the fundamentals at least for a month or so. OK I won't bug you on the bear thread for a little while. You had annoyed us for too long on the Cisco thread and when Cisco, INTC, etc.. start moving up, I will post here to rub it in!<g>