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Strategies & Market Trends : Drillbits & Bottlerockets -- Ignore unavailable to you. Want to Upgrade?

To: Augustus Gloop who wrote (10368)	5/8/2001 11:37:02 PM
From: Augustus Gloop	Respond to of 15481

This not only kills the sector but also the nasdaq IMO. CSCO had become a blue chip growth stock that people felt could weather any storm. Compounding the problem is the downfall of a company like LU who, whether due to who they were spun off from or performance, had also been considered a safe growth stock. Rate cuts can't and wont make up for the @SS blasting investors have taken in the nasdaq and the energy situation as of now can only get worse. I think Tom is right.....the charts were looking almost too good. Dead cat bounce is over for now.