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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: im a survivor who wrote (25085)	12/14/2000 5:54:23 PM
From: Hobie1Kenobe	Respond to of 65232

Keith - FWIW - Cramer sez an analyst will soon break from the pack and downgrade the sector much like Jonathon Joseph did on the semi's. I realize the opticals have given up a lot already, but you may want to consider.... Best, JF3 thestreet.com Optical Illusion By James J. Cramer 12/14/00 3:59 PM ET Click here for the latest from James J. Cramer. Bubble, bubble, toil and trouble. Fee, fi, fo, fum, I smell the gas coming out of the optical bubble. Or whatever. Corning (GLW:NYSE - news - boards) has been among the greatest stocks of this era. It always goes up when it reiterates that things are great. Always. All of the Buzz and Batch types own this stock. They are all holding on, waiting for higher prices. I think it's over. I think that the momentum funds can't keep the bubbles blown in this group until year-end. I think these stocks will increasingly act like the semiconductor stocks did once John Joseph broke ranks and said the moves were over. Some analyst is going to break ranks here. Why not? It is logically the top. There are no more underwritings to kow-tow. Corporate finance won't even bother to yell at you. Prediction: someone downgrades this group between here and year-end and you will regret being long these. Time to recognize that the bubble is over. -------------------------------------------------------------------------------- James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund had no positions in any stocks mentioned. His fund often buys and sells securities that are the subject of his columns, both before and after the columns are published, and the positions that his fund takes may change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Cramer's writings provide insights into the dynamics of money management and are not a solicitation for transactions. While he cannot provide investment advice or recommendations, he invites you to send comments on his column to James J. Cramer . --------------------------------------------------------------------------------