Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: michael97123 who wrote (45822)	1/3/2001 10:54:09 AM
From: chic_hearne	Read Replies (3) \| Respond to of 77400

Chic, Ed is right. Why don't all you guys take the big chip off your shoulder? Ok, let me get this straight, Ed is right and I am wrong. I started shorting Crisco at $70 while Ed maintained his buy and hold and has ridiculed everything I've had to say. Notice how he was out in force yesterday to ensure that us bears didn't scare anyone into selling, Crisco also made another 52-week low yesterday. So Crisco has gone from $70 to $33 since I showed up and I'm the idiot, I see. To compare todays economy in any way to 1929 is just plain childish on your part. And talking about nasdaq 500, well you can fill in the blanks. Last year I was calling for a bottom in Crisco when it hit the single digits and the Naz at 500-700. If I had said Crisco at $33 and Naz 2200 you would have tried to laugh me off the thread anyways. Honestly, did you believe $33 and 2200 were possible? Of course not. $9.xx and 500 are just as impossible as $33 and 2200 were last year. Those that don't study history are doomed to repeat it, those that study history and ignore its consequences deserve to repeat it. It's your choice, get out of the way or get run over by the market. We haven't seen any selling yet. Have you read Galbraith's account of '29? It's hard for me not to see the massive parrallels to today's market, but I may be a little more open minded. "It's different this time" is not part of my vocabulary.