Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (38149)	10/2/2002 11:28:08 AM
From: Logain Ablar	Read Replies (1) \| Respond to of 69003

Harry: Part of it really releates to the election. Not to be political but a lot of democrats are fearing republican control of both houses where a couple of months back this wasn't in the thought process (at least this is from most of my democrat friends @ breakfast or lunch meetings). Its not just NJ but other state senate elections as well. I really feel some of the doom and gloom is unwaranted and don't want today's noise to impair my investing judgement. I don't think we fall off a cliff this October and the double dip occured in June Sept qtrs (i'll know better in hindsight). I actually like CSCO around this level just because its one of those most loved co's. Need to see how it handles this $10 level though & I don't think they will do well in storage (they should have purchased mcdta & zoox). Its almost touched it once and seems to be coming back today. Haven't looked @ a chart except to know it recently broke a quad bottom on P&F @ 11 or 11.5. They have $1+ share in hard assets so one will be paying $9 for its enterprise value. I like the $5 cost in elx enterprise value. The real wild card is the debt bubble and how well FED is managing this. If it blows up all bets are off on downside. If they're reinflating then we can rally. Employment is more key here. JMO of course. Tim