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

To: Voltaire who wrote (26113)	12/19/2000 8:05:15 PM
From: stockman_scott	Read Replies (1) \| Respond to of 65232

MSFT, CSCO, SUNW and YHOO all hit 52-week lows today....IMO, we are very near the bottom...;-)

To: Voltaire who wrote (26113)	12/19/2000 9:50:02 PM
From: Sully-	Respond to of 65232

Tom, Last time the NAZ was this low was Aug 10th 1999..... We've puked up the gains from the last year & a half... Many of these companies have experienced incredible growth since then.... many continue to have bright futures.... go figure. The NAZ has gone down for 6 straight sessions..... in that time the NAZ shed 503.4 points..... Some stocks got plastered today....... me thinks there will be some serious margin selling tomorrow too.... a good deal will be forced selling IMO..... I'm sure I'm not the only one on margin that was thinking we were near the bottom. Look at the DOW & S&P 500...... you'd think the Fed had been easing since Oct the way they've held up in here...... they sure do sport some seriously unjustifiable P/E's, considering the projected forward growth for many of these stocks, their debt load, etc. There's a lot of stocks on the NAZ with P/E's smaller than their forward growth rates though..... and they're being sold off still..... go figure. IMO, we got some downside tomorrow..... hopefully that sideline money & the houses step in at some point. FWIW, I'm in a margin call..... a smallish one.... due Thurs..... but I have a bunch of EXTR..... IMO, I need to be nimble or I'm going to take a serious hit. Margin is a two edged sword folks. Don't try this at home. OOF :-\| Ö¿Ö