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

To: jim_p who wrote (1786)	3/16/2001 4:51:15 PM
From: cnyndwllr	Respond to of 23153

duplicate post. eom

To: jim_p who wrote (1786)	3/16/2001 4:54:04 PM
From: cnyndwllr	Read Replies (1) \| Respond to of 23153

JimP, I bought sagi last week at 6 3/8. Avir at about 3% higher than today, tfs at about 7% higher than today, cats even for today, orcl 5/16 higher than the close and kopn about 8% higher than the close. I don't have the confidence to go into margin yet. If we don't get a meaningful bounce off the feds action going into tues or after the rate cut I will be surprised and very cautious. If we had gotten a run up this week, I would have been selling instead of buying but I think any good news will create buying here. I don't see any near term catalysts that will create strong and sudden downdrafts at these levels in the techs. It's risky but sometimes being a contrarian does pay. JimL is probably right on point with the opinions and info he is posting but I suspect many of the reasons that went into creating such a bubble in the past have echoes left in them. I am referring to demographics and investor expectations that will add some boosters to any recovery. I don't see the market collapse that I once considered a possibility. The two main problems of inflation and consumer confidence do not look to be the downside catalysts this go round that I thought they might be; maybe next time. The problem of energy is not likely going to interfere with this bounce in view of the slowdown and the shoulder season so I think that problem will wait till this summer when we may see some real lows. All of the other diminished demand types of economic problems are problems that the fed can spend or print their way out of. That's why I think that buying tech is a good risk now. Anyone who says they are a contrarian in predicting lower lows for the markets is ignoring the straight line descent of the three major indexes and all of the doom and gloom from the investing community. Although there are analysts cautiously predicting a bottom after these latest drops, we see lots of downgrades, very few upgrades and lots of selling. It's kind of like the ads for Dr. Pepper; something like "be unique, drink Dr. Pepper like the rest of us." I may join you in margin soon. Ed