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

To: Jacob Snyder who wrote (48964)	2/15/2001 6:57:53 PM
From: bambs	Read Replies (1) \| Respond to of 77400

I got some amat short again too. I get to take the ride down from $50 for the third time. this is fun. techstocks p/e don't make sense. they are insane! things will get much worse before they get better. if interest rates were 12-15% and going lower and p/e's were 10-15 then stocks would bought as interest rates come down to 5%. the thing is interest rates weren't even that high. the nas has a p/e of 800. the nas will trade to a 1000 test in 2 years and I think bottom around 600 in 3-5 years. if you are trading I think it's best to just scalp intra-day long on the up days and when the market rolls over and select stocks like AMAT today get toppy then short them. If the stay green on the short then hold them over night. I never hold over night losing positions and I wouldn't hold any tech over night long right now. you never know who will drop the next bomb. bambs