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To: mishedlo who wrote (11391)	3/9/2001 5:15:26 PM
From: Sam Sara	Read Replies (3) \| Respond to of 13572

Will have to look at charts over wknd. Based simply on stochastics, unless we have an unbelievable bloodbath on Mon., I would not be buying tech. OTOH, CSCO is near support at 19.5, and there should be a battle there. I shorted some retailers today. I should probably have my head examined for my reluctance to short tech, but short interest is so high that I can't bring myself to do it. This market hit the iceberg long ago. Don't stick around for the whirlpool that will occur when the ship finally goes down. Like the Titanic, it will take time for everyone to realize that the ship will go down. Any "long-term investor" better be prepared to hold tech for 5 years from this point on, and be prepared to ride the Naz down to below 1000. It may or may not happen, but who would have believed CSCO 20 one short year ago....I would not scoff at the idea. I am still waiting for the bounce to short tech. At this rate, the bounce will take us back to 2100, LOL.

To: mishedlo who wrote (11391)	3/10/2001 8:39:10 AM
From: DlphcOracl	Read Replies (2) \| Respond to of 13572

mishedlo: Problem with guessing where the NASDAQ bottom is and jumping in is that if NASDAQ breaks psychological support level of 2000, no one knows how far it can plummet from there -- 1800? 1600? No real stimuli on the horizon except for options expirations and short covering. FOMC rate cut of .50 is already priced in, cut of .75 is out of the question and there is lingering fear of only .25 rate cut. Add in the upcoming earnings warnings season and what should be the worst quarter for tech earnings reports and there is little reason to think NASDAQ is going to bounce from here.