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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Square_Dealings who wrote (66161)	1/7/2001 12:30:21 PM
From: Whiteboy	Respond to of 99985

Right on the money, Until INTC,ORCL,MSFT and CSCO put THEIR money were their stock is, why should I? Correct me if I am wrong but wasn't it IBM who really turned the markets around in 98 when it announced its buyback? Whiteboy

To: Square_Dealings who wrote (66161)	1/7/2001 2:14:31 PM
From: jmootx	Respond to of 99985

I agree and have written about this as well. The deal with this bubble unlike the 1920's is this is a supply side bubble. As you mention about CSCO (and reported by Barrons) that these companies aren't really worth anything in terms of earnings if options are priced as an expense. In the 1920's it was a demand side bubble, where banks lent money for stock investment at 10 cents on the dollar collateral. Well the bubble is popped, I really doubt tech stocks will see those valuations again. And now that CSCO had its first losing year ever...plan on lots of insiders who were part of that merger strategy to dump dump dump. And as the stock declines, so goes the merger strategy.