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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: H James Morris who wrote (127803)	7/6/2001 1:04:08 AM
From: craig crawford	Read Replies (1) \| Respond to of 164684

>> Craig, do you have any good news like the Fowler/Harmond road show used to have in 98/99? << sure. the good news is that short-selling is still lawful in america. the good news is also that commodities are in the early stages of a bull market, and there's still plenty of time for you to get in on it after you do some homework. as for cien, i have no interest in being long that stock, or most tech stocks for that matter. i might have to do some covering tomorrow though, i'm not sure we are ready to move out of our range. you see, i look at it like this. the reason the market hasn't made a big break either way is because of timing. just a couple days ago we hit the exact 6 month mark since the fed made it's first surprise cut. most people say that it takes 6-9 months before you see signs of the cuts working. maybe 12-18 months for the full effect. so it's only natural that the market can't make up it's mind at this juncture. the key is to watch the market going into the fall. that will be 9 months after the first cut and stocks and the economy should show signs of improvement. if they can't show signs of picking up steam by then, sell everything including your grandmother short. in the meantime, the bulls can make a case that we haven't had quite enough time for the cuts to show that they're working, so we don't get that sell-off to new lows on the averages, even though many sectors are making new lows. but the bears can't hoot and holler either because the market hasn't totally rolled over. so it's a waiting game and it's why i repeat over and over that this is a do nothing market. this market is doing you a favor and biding it's time so you can have the opportunity to learn about the next great bull market--commodities. too bad all you guys want to talk about is tech stocks all the time. they are a complete waste of time, unless you like shorting or timing bear rallies.