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To: Softechie who wrote (46728)	2/6/2001 3:50:11 PM
From: bobkansas	Read Replies (1) \| Respond to of 57584

My guessing:I think we ALREADY had our CSCO rally today. They will meet or exceed estimates by a penny. They will agree that projections of a slow down are accurate. IMO the NAZ will head south (in a see-saw way) over the next couple of days and weeks.

To: Softechie who wrote (46728)	2/6/2001 3:53:53 PM
From: American Spirit	Read Replies (1) \| Respond to of 57584

What falling knives? Almost everything up today. And as for your prediction that techs will fall, you seem only to pick the former highest fliers. I have never bought any of them anyway though I wanted YHOO at $24 but just missed it. No one believes just because a stock has fallen 60% it's a bargain. We're all adults and we look (or feel) at the real value. The products, the recovery probaility, the cash, the PE, the market cap, the competitive environment. Actually many-many tech stocks have been superb values lately, off 60-99% from their highs. The only trick is picking the bottoms. Is $27 the bottom now on SUNW? Likely it is but we won't know until it's proven. Otherwise I fail to see why or how all this new money would dump their techs near the bottom so we'd go re-test the January 3 lows. Just not going to happen IMHO with the Fed helping, a 2nd half recovery expected and disappointments all priced in (sometimes more than priced in). If you're going to short stick with stocks at over 100 PE and maybe you'll make money. But GE, LU, ADBE, SUNW and CSCO around the 30-40 PE range are not over-priced by any means. And neither are VZ and FON at 12 PE. Those are the main techs I own now. Let someone else buy CIEN at 100 PE. I remember owning it at $8 when bashers said it was going to $2. gg One of my worst trades doubling my money on that.

To: Softechie who wrote (46728)	2/6/2001 3:56:39 PM
From: carepedeum2000	Read Replies (1) \| Respond to of 57584

a close over 2600 is a positive on naz, i think csco getting "too much press", csco effect will disapear quickly in the morning, would not be surprised for tomorrow to be a reversal day, whichever way we gap, we end up the opposite direction, if i had to guess, i would guess gap down, close up for wednesday, but i would bet against the direction we open tomorrow unless csco just totally amazes us with their guidance (not likely) tomorrow will probably see networkers (like scmr) reverse from their recent pounding imo