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To: DlphcOracl who wrote (47791)	2/22/2001 1:05:48 AM
From: American Spirit	Read Replies (4) \| Respond to of 57584

Sounds like capitulation to me. I may join you. gg Not exactly a market mood full of optimism these days. Might have to take a few losses soon and cancel that extra trip to Europe and the new Beemer. dammit hurry up Greenspan!

To: DlphcOracl who wrote (47791)	2/22/2001 4:42:05 AM
From: puborectalis	Respond to of 57584

Siemens to buy Effecient Networks for cash......http://biz.yahoo.com/prnews/010222/hsth012.html..............this is the beginning of the fire sale in tech stocks.The large cash laden giants like Siemens are like kids in a candy shop as they can gobble up stocks like FFIV for a pittance!

To: DlphcOracl who wrote (47791)	2/22/2001 6:37:58 PM
From: Joe Smith	Read Replies (1) \| Respond to of 57584

Although I respect your sentiment, I tend to disagree. I believe that downside risk is greatly limited. Two good examples are the reaction to BRCD and FNSR. If you had entered BRCD at open today and FNSR at open after its debacle, you would have done well. This looks to me like accumulation of oversold stocks. Also look at CSCO today. Finally the short interest is so high that I think that it pays to hold some positions and just wait for the burst of short-covering. Good stocks such as NTAP and WIND are ripe for this IMO. As far as this having spread throughout the market, I think that your analysis of the Dow and S&P misses one important point, tech makes up a good deal of both of these baskets. If you remove the tech from these baskets, the rest is probably holding up quite well. Sure the banks and retailers have sold of recently, but that looks like simple profit-taking to me, not a downward slide. The bottom line is that is you are uncomfortable, you should take your chips of the table and I commend you for that. But, I do not see signs of a market-wide malaise. Perhaps I am wrong and we are headed to Dow 9800 or less. I think so much of that depends on what actually happens to the fundamentals of the economy and these companies and I don't think that anyone can predict that. I still believe in a diverse portfolio and some form of dollar cost averaging. Just keep investing slowly and surely. Fine-tune your portfolio and don't make any radical moves.