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

To: Jacob Snyder who wrote (54445)	8/9/2001 10:18:40 PM
From: tradermike_1999	Read Replies (1) \| Respond to of 77400

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). What makes you think this is the bottom. Need more of a reason than because it fell a whole let. Option sentiment and investors intelligence surveys signal overbought. Do you discount all technical indicators and just go on a gut feel? Here is something to think about seriously. I think the market will fall you think this is a wonderful buying opportunity. One of us is obviously wrong. Whatever you do with the stock market you must prepare yourself in case you are wrong. If you are wrong you need to minimize the negative impact. Have you taken steps to do that? If the Nasdaq falls to 1400 before the year is over what will this mean for you? If it goes up from here I'll lose a little bit but it won't be a big deal.