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To: jim_p who wrote (85953)2/1/2001 4:08:54 PM
From: cnyndwllr  Read Replies (1) | Respond to of 95453
 
Jim, RE: <<I'm holding out for NAZ 3,000.>>

You may well get it and if you don't, it's not really like real money is it, the way you have been rolling lately? How do you see this tech rally. I think that the old saying "you can't fight the fed" may be wrong here. With energy prices acting like a tax on corporate profits and consumer purchases, will interest rate cuts and tax cuts do the job? We may have a continued transfer of profits from tech, old economy and everything else to energy producers and those that supply and service them. I like these short term tech plays, but I think the real buys in tech may come later. I'm curious to know what you base your nas 3000 benchmark on. Ed



To: jim_p who wrote (85953)2/1/2001 4:11:59 PM
From: Warpfactor  Respond to of 95453
 
I had a downside stop on APC today at 55, it triggered. I placed the stop a few weeks ago, I perceived a support level to be around 56, but placed the stop at 55 so it would not trip based on random flutter.

As a bellwether E&P, this probably does not portend well for the E&P subsector as a whole.

Yes I know, I should have listened to some of you weeks ago. However, I had cut back substantially into the E&P bubble, and still did quite well. Still own VPI as my only remaining E&P.

Now about 60% cash with most equity holdings in OSX.

Warp