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To: t2 who wrote (14460)11/29/2000 10:05:23 PM
From: Bill Holtzman  Read Replies (2) | Respond to of 24042
 
While Todtman is taking his bows, I'm going to indulge in some self praise as well!

How about:
Pat,
CIEN is on the chopping block.
odds-onchoice.com
Bill

siliconinvestor.com, nov 20, at 6 am with CIEN at 97

and:
I'm still looking for CIEN to join its buddies on the trash heap. I don't think we can start back up until we've knocked the stuffing out of every high multiple stock. Only then will the virulent bears start getting bored.

Message 14894364
tueday, nov 28, 11:07 am with CIEN at 89

today CIEN closed at 73 and the low was 66+. 69 after hours. more to come just like BRCM!

Bill



To: t2 who wrote (14460)11/29/2000 10:13:19 PM
From: Hank Stamper  Read Replies (1) | Respond to of 24042
 
t2,
I really respect your writing.

But you and I differ greatly in our opinions on this. Real pessimism has not even begun. I recall the correction bottom in 1998 and there was a lot of talk of bear market and recession every day on TV and among my friends; then, there was talk that the bottom could be nowhere in sight. Right now, the talk on TV is 'the bottom will come soon.' Also nobody is fearful of a recession. Sure there is speculation of soft vs bumpy vs hard landing but nobody is crying that the sky is falling.

Another thing I think: when the true market bottom is in (not just a counter-trend rally bottom) anyone who comes into a thread like this and says s/he is going to start buying will be laughed at as a fool who is intent on major losses of equity. Just like the general response to selling near the blow-off top. I am really serious with this. I could be wrong--who really can tell what actually will happen in the future--but in every bear market bottom I've ever read about that is the way the first buyers are treated. Same as the first sellers are considered at tops.

Ciao,
David Todtman