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

To: Monty Lenard who wrote (48478)	2/8/2001 12:45:11 AM
From: chic_hearne	Respond to of 77400

Gotta hand it to you. You stuck with your convictions. Even the bear I am I would not have shorted it below 50. It is such a wallstreet darling. You're probably going to think I'm nuts when I keep shorting in the twenties and teens then. I think we just have completed the first "real" down wave of the Naz. True, the Naz itself is far from a low, but finally the giant closed at a 52 week low. It really doesn't matter what the Naz is, everyone has now had their turn behind the woodshed. I'm looking for a ST high on the Naz only because sentiment is so high we bounce from here on both Crisco and the Naz (ie, bullish consensus is highest since 1987 meaning everyone that wants "in" is already "in" expecting a bounce). I'm looking to increase my Crisco short at $35 if it can make it there. Otherwise, I'll let is continue draining and wait for the next bounce to sell. I have no fear of Crisco making any sizable bounce until it's a single digit stock, and I'll be long then. Speaking of "wall street darling", the parrot used to crow "buy the dip", now it crows "sell the bounce". I'll change when the market dictates, and I'm afraid that ain't anytime soon. chic