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To: AllansAlias who wrote (44981)	12/7/2000 11:52:26 AM
From: sammaster	Respond to of 436258

this is the same thinking that happened during march tech rally/old economy plunge....next thing u know the naz crashed and money rotated into old econ... im ready to buy old econ/"defensive" puts now.... samir

To: AllansAlias who wrote (44981)	12/7/2000 11:52:41 AM
From: Perspective	Read Replies (3) \| Respond to of 436258

What - like the breakout in MMM? GMAFBreak! A strong breakout, yes, but breakouts can and do fail. Take Soft's final breakout for example. Extreme volume, because everybody wanted to chase it. And they ALL got trapped. I will fade that one. The rationale behind the breakout is the biggest load of horse manure I've heard in my life! "We're going to grow sales to the optical industry by 4X in the next few years, we promise. Scout's honor." Yeah right, in an optical market crash. It's a huge, slow-growing company deeply sensitive to the economic cycle, trading for 25 times expected earnings going into a recession. Hello? Is anyone paying attention to reality out there? BC