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To: Hobie1Kenobe who wrote (8660)	12/22/2000 8:31:41 AM
From: t2	Respond to of 10876

JF3, I think it is a bad time to be short right now. There will be money flowing back into tech, financials, cyclicals in anticipation of a rate cut. The tax loss selling is just about over. I don't know if I mentioned this earlier on this thread but tax loss selling is usually done by about Dec 23 (according to CNBC's Pissani who cited a study). Makes sense, get it over with before the holidays. To me that means buying of beaten up stocks; techs and possibly telcos right now, going into 2001. Defensive stocks may drop early in the year but I do believe they will also bounce as new money comes into the market and it will not just be concentrated in tech...unlike early 1999. I am basically long tech, financials and cyclicals.