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

To: larry who wrote (59897)	6/21/2002 1:48:03 PM
From: puborectalis	Read Replies (1) \| Respond to of 77400

Overvalued?....these stocks are priced for bankruptcy.Just because the earnings outlook is bleak for the near future doesn't mean the stock is bankrupt.Even Chrysler and Lockheed returned from the dead.

To: larry who wrote (59897)	6/21/2002 4:26:42 PM
From: mary_a	Read Replies (1) \| Respond to of 77400

i agree with you on a trading bottom (probably mon low). but one needs to remember that there is no such thing as support in a bear market and i think we are going to be a long time recovering once we hit bottom. these "bottoms" on high volume will (in my opinion) only be shorter term trades. too many people still trying to catch them. i know last week i bought the q's at 26.20 but i know if we revisited that number again it would not hold so i was not even tempted today. i did cover my mmm short today...too early probably...but a profit is a profit. i am shorting but not tech stuff...i am shorting the stuff that has big gaps underneath and were the 'safe haven' stocks...or at least they thought they were a safe haven and are toting high pe's. anyway that is my 2 cents. a by the way... i remember having an argument last year with some of the bulls about the dollar. their argument was that a weak dollar would help the market...i finally gave up with the argument and we now see the weak dollar doesn't help anything. mary