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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: jim_p who wrote (477)	2/27/2001 2:52:32 PM
From: chowder	Read Replies (1) \| Respond to of 23153

Jim, I'm buying today. Added some LPTH, covered my shorts. Looking hard at semi's since they are down the most. They should bounce quicker in a near term rally. dabum

To: jim_p who wrote (477)	2/27/2001 2:59:26 PM
From: Gottfried	Respond to of 23153

jim, sold my small CSCO holding for a 7% loss. Used mental stop loss. Gottfried [end]

To: jim_p who wrote (477)	2/27/2001 4:09:07 PM
From: CommanderCricket	Read Replies (1) \| Respond to of 23153

Jim_p, Purchased some PGO and ITWO. With a 20% haircut today for ITWO, I figured today maybe be good day to plunge on in. ITWO is not a stock for the faint hearted. The stock can easily move 15% in day. CSCO is looking very, very tempting for long term hold at these prices.

To: jim_p who wrote (477)	2/27/2001 11:54:29 PM
From: Telemarker	Read Replies (1) \| Respond to of 23153

<<Since 1/1/2001, over 150 billion has gone into money market funds vs. 10 billion for equities>> prudentbear.com "The vast majority of January’s record flows were accounted by the extraordinary expansion in money market fund assets. Not bad for a household sector with a negative savings rate – this is 100% unadulterated credit inflation." "As discussed last week, the U.S. financial system has gone through an extraordinary Reliquefication. Today it should be recognized that this process has had little impact on the collapsing technology bubble and only a muted response for the stock market generally. This is certainly not what Wall Street anticipated. It is actually quite ominous, and the fact that confidence remains so high in the face of such dismal performance should be particularly disconcerting to the bulls." _____________________________ The idea that this newfound liquidity must land up in equities is somewhat suspicious to me. Seems kinda like the same old-new era stuff. For starters, there are some debts yet to be paid. In their heyday, techs were bought because their prices increased, like good stocks should. Tech no longer seems to be the flavor of the day and unlike fiscal policy, monetary policy cannot be targeted. I'm also at a loss to find buyable fundamental value in the key tech issues that everyone is focused on. The mere fact that so many still appear so intensely interested in this sector alarms me. Just some thoughts from the devil's advocate. Fire away!!