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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: in_cog_nito who wrote (24324)	3/25/2001 5:34:30 PM
From: Ditchdigger	Respond to of 29382

"CSCO, Strong BUY" Trailing PE of 45, you must be expecting some major year over year/sequential earnings growth.How else could you justify the price,right?(the flip side, many average investors(like me) could not afford csco at 80, now below 20-they can..could be enough to support the price)...;^)DD PS: Barton Biggs taught me the value lesson with GE<VVBG> I concede...While I'd like to be short term bullish on this market, I still have reservations..especailly where the DOW is concerned. fear if it rolls over further, the Naz will resume it's trend..Be careful out there, many semis headed south towards the close on Friday..and I think book to bill will go lower before it goes higher,,whether the markets will look that far ahead remains to be seen,IMO PS: I don't like CSCO options pyramid sceme..

To: in_cog_nito who wrote (24324)	3/25/2001 10:06:18 PM
From: Sergio H	Read Replies (1) \| Respond to of 29382

Scott, the market trend is clearly established....down. KZAP was kind enough to provide us with a catchy toe tapper with that theme and its is easier to listen to than CNBC right now. The media is reiterating expert opinion that the market tends to go up....over time, and that investors would be well served to park their money in mutual funds while waiting for the market correction to turn around. I like the Barron's article posted on this thread this weekend with all of the negative signals. The source for the article was the number one y2k doomsayer. I wonder if he sold his fallout shelter. About 70 percent of the 898 earnings forecasts for the first quarter have been negative so far, according to First Call. Everyone who had bad news to get out should have done it by now. This belief will keep the market from going too much lower, but we'll need some good news to get the trend reversed. While we wait, there's some portfolio churning coming up as the first quarter comes to an end. Semiconductors are likely to get play. MU and AMAT in particular. CSCO and Naz look ok for the very short term, but I think that they're both going lower. RDRT has held up well in the last six months, but don't forget that it was already beat up when the general market slide began. Swing trade on RDRT, if I was to join in with you and Ken, I would be on the short side as the price is hitting the 50 day MA as a ceiling and is likely to retest the 200 day MA support. I doubled up on MTNT, as a play on XMSR. There are other reasons that I like MTNT. I've got a healthy loss (so far) to protect. I bought ERJ and EFDS last week. ERJ as an earnings play should hit a new 52 week high and EFDS has momentum going. Good luck to you and Ken on the swings. Sergio