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

To: bambs who wrote (44543)	12/14/2000 7:16:04 PM
From: The Phoenix	Read Replies (1) \| Respond to of 77397

Bambs, While I agree that it appears we'll sell off from here (too bad you exited your shorts) I disagree - once again with your assessment. telco debt could lead to a world wide credit crisis! that's what they said. thats what I have been warning Gary and T2 about for months there is no indication that telco debt has anything to do with todays' weakness. Financials taken down by JP Morgan, MSFT warned, economy slowing... there is no emprical evidence in any way that suggests telco slowing has anything to do with today's softness. And this is my point all along with you. You have this underlying need to somehow demonstrate your prowise when in fact your right for all the wrong reasons.. which is actually dumb luck.. akin to the bulls that ran the market from 4000 to 5200 buying up stocks without understanding them along the way. Real pain coming.. perhaps. I exited my trading positions two days back so I do agree with you. The fact that the NAZ broke support is not good and the selling in CSCO due to Daichients departure may not have any basis but if CSCO finishes <48 on Friday significant technical damage will have been done. Of the total debt what percentage is associated with telcos? Think about that one.. and then consider if all these defaulted what the impact would be. Do the math. OG

To: bambs who wrote (44543)	12/14/2000 7:18:06 PM
From: Monty Lenard	Respond to of 77397

bambs, they will run abby j out and she will call another bottom and they will buy at the top and the cycle starts all over again. Just saw where Fidelity opened up 2 previously closed funds due to redemptions yet Maria is screaming about all the money that went into MF's this week. "The market will not be able to ignore all the money on the sidelines and pouring into mutual funds." What a sideshow. Saw also where Microstrategy agreed to pay $11m fine for cooking the books but they "did not admit nor deny it" :-) Sheesh. Monty PS Bring on ABBY J !!!

To: bambs who wrote (44543)	12/14/2000 7:42:09 PM
From: t2	Read Replies (2) \| Respond to of 77397

Bambs, You and other bears on this thread were right. I admit it. Great moves by the bears; as long as you guys avoided Cisco because it was dead money either way. The earnings warnings we seem to be getting is still from PC related stocks. I guess nothing is spared when the bigger caps in the Nasdaq are Intel, MSFT, DELL. What happens when the FED lowers next week. I am almost certain of it? What will be bought? My guess is tech. Could it be the turning point. A rate cut will help change sentiment. Telco borrowing interest rates will drop with a FED easing. Cisco still held up pretty well; NT even went up today. I suspect these types can rally as long as the FED starts easing. The profit warnings will help make the FED's decision easy. My problem is to determine the turning point; that may actually be the first rate cut.