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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: tradermike_1999 who wrote (54434)	8/9/2001 1:43:01 PM
From: RetiredNow	Read Replies (1) \| Respond to of 77400

Hmm. I'm not so dramatic about it, but I do think we'll start trending downwards over the next several months as well. The readjustment of my entire portfolio has already occurred and now I have pennies in my brokerage left to play with. So I won't get burned no matter what happens from here on out.

To: tradermike_1999 who wrote (54434)	8/9/2001 1:47:26 PM
From: HH	Read Replies (2) \| Respond to of 77400

I am sure TraderMike is a competent guy and no doubt, this advice is good. There may indeed be a collapse and it may come at any time. My epxerience tells me that when and if a collapse comes it will come with sudden fury and take most by surprise. The current sentiment is bearish now more than ever, which makes possible some strong upside moves just as easily. In order for the Bear to feast, the table must be set. HH

To: tradermike_1999 who wrote (54434)	8/9/2001 4:15:42 PM
From: Jacob Snyder	Read Replies (2) \| Respond to of 77400

re: Don't be a victim of the tech wreck. Be in a position to profit once the dust settles. I'll go to 100% cash now, if you promise to notify me, the day before the dust has settled (so I can get back to 100% long). Does this sound like a reasonable plan? BTW, I went to 70% cash in January 2000. Telling people, now, to get defensive, is about a year too late. Now is the time to be trying to catch the bottom (carefully, incrementally, while still lightening up on the rallies).

To: tradermike_1999 who wrote (54434)	8/11/2001 4:39:15 PM
From: sea_biscuit	Read Replies (1) \| Respond to of 77400

What tech stock has held up or has gone up during the rally and is also fairly valued or undervalued now? I think the answer is "none". Even if some big-caps like CSCO, ORCL etc. had good relative strength during the recent bear rally, it doesn't mean that they are undervalued. In particular, I think CSCO will go nowhere in the coming decade, and will underperform the S&P 500 as well as T-bills from its present levels. Those who have held on to it in spite of 50/60/70 percent losses, or those who have now bought it thinking it will go to 60 or 70 or 80 in 2 or 3 years, are just what you said they are -- hopeless New Economy Bubbleheads. And hopeless New Economy Bubbleheads deserve to net returns that are lower than T-bill returns. You are right. Smart money has cashed out of this sometime ago, and are now content to playing occasional "cat and mouse" with the little guy, who is getting screwed all the way down.