To: Jenna who wrote (1157 ) 1/10/2001 8:20:58 AM From: Jenna Respond to IDPH..was a longer term "put" play let's see if the upgrade has any effect. We might be able to pick this one as an intermediate hold after another 20% or so haircut. It might be a chance for the January/February puts on some like JNPR, ITWO, ARBA, INFY, etc. This is an important few weeks for earnings and those triple digit P/E stocks might not have the mettle to go through this unscathed. INFY was on our screen as a possible put play but escaped 'the analysts axe' by just a day. There will be bargains out there, but we might have to wait a few weeks so we don't have to be IN them for more downside. I would wait for 2-3 days of rallies before going long and HOLDING.REAL bottom to set it and not get influenced by portfolio managers and their bargains just yet. It is in their interests that you buy, buy, buy. They won't make a salary or their 'numbers' if you exercise due diligence and caution. When I closed my equity portfolio at Fidelity Investments a number of months ago, I was questioned at length as to the veracity of that move. Although I am with Chase H&Q and Fidelity 10 years now and they have helped me well in bull markets, I still 'travel light' and have done so since the 'horror' of the internet sector and that close call with NTBK and currently have no longer term holdings at all in technology and only a handful in other sectors. Wait for the earnings season to be over. They say it will take 2-3 years for the tech sector to robound, why go through that when you can come into a freshly corrected market? When we first called the pending downfall, we were scoffed at but all those scoffers are gone now...
