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To: Elwood P. Dowd who wrote (91066)5/2/2001 5:34:29 PM
From: trouthead  Respond to of 97611
 
Wow, the pig is still a pig. Hi everybody. Just slummin a bit. Happened to see that cpq had a price of 17 and a pe of 87. Now that's performance.

Hope you are all doing well. After the crash of the NAS I am still getting used to these cardboard shorts. And yes, they do chafe. Thanks for asking.

jb



To: Elwood P. Dowd who wrote (91066)5/2/2001 5:57:27 PM
From: Charles Tutt  Respond to of 97611
 
Eventually the last shot to get them cheap will have passed. Maybe it already has. The market is anticipatory.

JMHO.

Charles Tutt (TM)



To: Elwood P. Dowd who wrote (91066)5/2/2001 7:55:09 PM
From: profile_14  Respond to of 97611
 
I think there are a lot of investors that are miffed that they did not load up 4 weeks ago-to-date, and as a result, they will want to talk the market down soon, maybe as early as tomorrow or possibly even on Friday with the Jobs report.

Cisco reports on May 8th, Tuesday. That will be a bell weather and it will not be pretty at all, I suspect. I spoke with a buddy of mine at Nortel and he says that he is surviving on his January sales, and he hopes that the customer will not return the equipment. He says the current quarter will be worse and that Q3 is not looking brigher as of now.

It seems reasonable to get the entry prices you are looking for as they were our closing prices just a couple of days ago or even yesterday for GLW. GLW seems to have good support at 23 and then at 21. I also think there is resistance in the Nasdaq at 2251, where we are a few points shy, and that a trip to 1900 is not out of the question either, especially as we go into the slow tech summer. The Dow began a little selloff today, we shall see if it continues. If Greenspan cuts rates only 25 bps, watch out below IMO.

Anyway, I want to reorient my thinking a bit and look for the next play. The hardest thing for me to do is stay out of my own way since I generally buy too early and sell too early. Therefore, I am not doing anything for the remainder of the week unless we drop considerably.

Check out the following gaps that remain to be filled.

stockcharts.com[h,a]daclyymy[pa1757!a1868!a1942!a2082!a2168!f][vc60]

Best of luck and regards,



To: Elwood P. Dowd who wrote (91066)5/3/2001 9:39:42 AM
From: PCSS  Read Replies (1) | Respond to of 97611
 
JMO .... Today's opening looks as if the FMs want to get into this market BUT 1st have to put some downward pressure on the recent run-up .... and are trading down appropriately. If so ... a rebound (FMs buying vs selling) could start in about 1-2 hours.

CPQ's recent run-up has been minimal and may therefore barely be effected by this early FM pressure but could join in the later run-up.

Michael