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To: fedhead who wrote (4176)12/18/2000 8:58:29 PM
From: Mark Fowler  Respond to of 57684
 
f you think this is like Japan in 1989 , you should be thinking about shorting any rally we get. you don't
think
CSCO is cheap here at 42 and change.

Anindo <<

Csco might hit 37 tomorrow while Q's churn here a bit. Indices look like they hold up on supports i'll get long on some stocks.



To: fedhead who wrote (4176)12/18/2000 9:06:01 PM
From: craig crawford  Read Replies (1) | Respond to of 57684
 
>> If you think this is like Japan in 1989, you should be thinking about shorting any rally we get. <<

I do want to short on a rally. But there is NO rally, correct? So I want to buy for a rally then after the rally plays out go short.

I believe rally first, then lower.

>> you don't think CSCO is cheap here at 42 and change. <<

CSCO is not cheap. But it is the best, so it will be one of the winners that participates in the rally. Trouble is, CSCO is just starting to break down, while stocks like INTC/SUNW have been downgraded countless times and have seen the worst. Anyway the market aint rallying without CSCO so...

P.S.
Nikkei 225

12-29-89 --- 38,957
10-01-90 --- 19,782 decline of 50.77% (sound familiar??)
03-18-91 --- 27,270 rally of 37.85% (sound familiar??)