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

To: Monty Lenard who wrote (46267)	1/7/2001 12:18:50 AM
From: James F. Hopkins	Respond to of 77400

Your right but just after they get out the market will take off, the broker/dealers are watching cash flow taht we never see, when the exodus stops they start to cover their shorts all at once. ------------- The big dealers stay net short (to flat) they cover before anyone else / and re-short when the retail shorts cover. ( the amount depending on the cash flow they get in real time going in/out off mutual funds ) Most funds are bought/sold through a broker so they know what's going on before TrimTabs or AMG. ------------- We have to feel our way around in the dark but the broker/dealers don't. For me the Jury is out until I can see how Tuesday closes. IF it is net positive on "all" the indexes from their Dec 29th close then maybe the bottom is in, and I'll favor buying short term dips IF it isn't then I'll favor shorting rallies over the buying of dips. In either case I'll likely do both, right now it's a toss up of which side I'll play the hardest. I'll use most of my powder with index type bets, there just arn't many individual stocks I want to play with. I held the UOPIX Friday but was short the QQQ most of the day , bought the bhh late , covered qqq and took it long for that little late jiggle up but sold it right back just before the close. At any rate until the close Tuesday I'm going to stay nibble without any mind set , and let the Mo Mo stocks I watch trigger my flips. If the Volatility slows down I'll take another vacation. My money is not so much in the Market going Up, or Down it's in the Market going "Up and Down".<G> ------- PS from what I see so far I like the new WaterHouse web-broker "select" platform. I still have to get use to it. Jim