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

To: jach who wrote (15561)	8/3/1998 12:21:00 AM
From: Paul A	Read Replies (1) \| Respond to of 77400

between the chartist and the old timers, people refuse to accept that old methods of valuation no longer apply to stocks. This is simply my opinion, however the market has agreed with me for some time now. A correction? fine.. but when all is said and done the money will come back to the CSCO, MSFT gang and continue to over price the stocks that are well worth the premium. This weekend is finally over thank Goodness. Im so damn tired of hearing nothing but crash crash, dow 7000 by week end, we are all cash, 70% cash, blah blah blah.. gee.. I wonder if alot of big money took short positions last week? Its like a big game.. only, we all fall into the trap.. My prediction is we will open down tomorrow and by noon the market will recover. Not a big gain day, but the market will not sell off until AOL/CSCO report.. Its going to take a LOT more than monica/bill and greenspan to cause a major correction. IT will happen, and probably sooner than later, but there isnt enough justifaction for a serious correction just yet.. oh wait, maybe the chinese stars are half lit? head shoulder pattern? overbought? blah blah??? On friday, there was a chartist on CNBC who was about to be cut off by a commercial. As fast as he could rattle the words out he said something to the effect of 'Mark, I dont read quarterly reports, I dont read news releases, I dont care what the company does, I just read the charts'. boy.. why bother researching when all I need to do is read tea-leaves? :) Im a trader so I honestly could care a less where the market goes, so long as it goes somewhere but this weekend should be viewed for what it really was- b.s. pure and simple. When every big gun is telling you to sell its time to buy. NOBODY is here to help you make money, but rather to take your money. I make my money by trying to figure out what these thieves are trying to shove down the average joes throat and this weekend was nothing short of sinful abuse of the media.