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

To: michael97123 who wrote (44764)	12/18/2000 12:24:55 PM
From: chic_hearne	Read Replies (1) \| Respond to of 77400

Humor me! What has to happen for you to become bullish? One of the following. 2-3 years go by. Serious capitualation, probably more than once. I'm talking about 5++ BILLION share days on the Naz. Naz below 1000. Which ever comes first. But at that time the environment may different. Basically, no time soon.

To: michael97123 who wrote (44764)	12/18/2000 1:17:27 PM
From: Stock Farmer	Read Replies (1) \| Respond to of 77400

m...3 - What has to happen for to you to become bearish? John. P.S. Until early this year yours truly was an ultra-perma-bull. Starting '91, threw big chunk of two-tech-income family savings into the market, long! Unwound this year as posted. Tax bite was a bitter pill! But my reasoning was simple: the price people were paying to buy in was way out of proportion to the economic returns that could be expected. So I executed a fairly radical shift to hold a defensive portfolio my Grandfather would be proud of. Since then, some has been wounded, but net has gone steadily upwards while the tech market's gone to heck in a handbasket. Apparently you can't "invest" in a bear market. But you can avoid having it evaporate! My perspective is not dependent solely upon my own internal gyroscope. I set it based on the market. Long ago as a boy-scout I learned that if you fall into a river you are better off swimming with the current than against it. Current's strong downhill right now. Hope it reverses course, or we're in for a heap of trouble. John.