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

To: gbh who wrote (43901)	11/30/2000 8:39:49 AM
From: bambs	Respond to of 77400

I was referring to the nasdaq 100 futures which which "close" at 4:15 pm. They dropped 90 points from 4 to 4:15...then you add the current level down. 66. 156 down from 4 pm. if you take about 140 points off the Nasdaq compx close of 2706 you get 2566 which is exactly half the the high of the year. 5132. That's was said to be a support level....we will see about that! CSCO still trading with a p/e of 125. Also, I see piles of "dead stocks trading"....at least 20% of nasdaq stocks will go bust in the coming years. 2500 is not a support level. 1500 is not a support level. The bottom will be found in years not days or months. Most don't understand how these bubble markets unfold. They cycle down...the economy is still just really starting to break...unemployee will start to rise hard in the next year or so...the slow down will be a "hard/crash landing"... bambs