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To: H James Morris who wrote (113890)1/2/2001 8:52:35 AM
From: gladman  Read Replies (1) | Respond to of 164684
 
I think the IT spending slowdown is total BS as it relates to large corporations. Here's from CBS marketwatch.

>>NEW YORK (CBS.MW) - Shares of some Internet infrastructure companies lost ground in pre-market trading Tuesday after an analyst downgraded the shares, citing expectations of weak spending in the information technology arena<<

Corporate IT spending will increase by at least 12% this year, slower than last year but still a significant increase. This should torpedo many of the usual suspects, and I think unfairly, should be some good buying opportunities this week.



To: H James Morris who wrote (113890)1/2/2001 10:39:03 AM
From: Danny  Read Replies (2) | Respond to of 164684
 
Good movement on VRSN, I like where it is heading, ie,
the 50 support line :)



To: H James Morris who wrote (113890)1/2/2001 11:51:02 AM
From: craig crawford  Read Replies (2) | Respond to of 164684
 
Well this scenario crossed my mind and it still works under by bullish thesis. The scenario that the market has to get worse before it can get better. We really do need Greenspan to cure this sickness and the best way to do that is have the markets start falling again. So we retest the lows, no biggie. I'm just glad we are going to test them so early and not dink around so we can force the Fed to move sooner rather than later.

Prepared to nibble at my faves with limit orders, SUNW, INTC, AMAT, YHOO etc, but want to wait until later in the day for aggressive buying. Not sure I want to buy so early.



To: H James Morris who wrote (113890)1/2/2001 12:15:26 PM
From: GST  Read Replies (1) | Respond to of 164684
 
wcom is doing great things this morning.