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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (51229)	4/19/2001 11:54:25 AM
From: Oeconomicus	Respond to of 94695

Re "bloated pigs", I agree and think those rushing back into popped bubble stocks like CSCO and other former "leaders" are making a serious mistake. This market move, if sustained, will have its own set of leaders. The knee-jerk reaction so far has been to jump back into the same old stocks, apparently under the assumption that "everything's OK now - it was just a bad dream". It was bad, but it wasn't a dream. CSCO and other communications gear makers, for example, will continue to suffer from restrained capital spending (how's that for understatement?) as many boom-time customers go bust and the bigger players have curtailed spending plans. IMO, the leaders can be found among those companies seeing an improved competitive landscape as a result of upstarts going bust. WCOM and ELNK, for example, in communications. Importantly, these are also companies that have been out of favor for some time (due to threats from boom-time competitive threats) and are still at reasonably low valuations. Regards, Bob