Mo-Mo Funds Are Unprepared for Trouble Ahead -- Again!

[TotalStock]

Mo-Mo Funds Are Unprepared for Trouble Ahead -- Again!
By James J. Cramer

Originally posted at 4:20 PM ET 12/29/00 on RealMoney.com

Looks like 2000 is going out the way of March and November: hideously. People seem to be concerned that the blowups, which took a vacation this week, reaccelerate next week. In the meantime, worries about flow of funds persist.

We talk with mutual fund managers every day who play the momentum game. They thought they were going to make good money today. They thought they had the Juniper (JNPR:Nasdaq - news) ramping. They didn't count on Morgan Stanley tamping expectations for networkers. They didn't expect telco bear Ravi Suria to come back from the Caribbean and appear on Maria Bartiromo's show tonight.

Oh, let's face it, they didn't plan on anything this year. They had had it so easy for so long that they never expected the one thing we old-timers have lived with since 1987, a takeaway of the gains. In record time. Those of us who lived through -- and prospered -- in '87 knew to protect ourselves even if it cut off our upside. These guys? They ain't never heard of downside.

Now everyone is talking about a super big week next week where Applied Micro Circuits (AMCC: - news) and JDS Uniphase (JDSU:Nasdaq - news) and Broadcom (BRCM:Nasdaq - news) and Corning (GLW:NYSE - news) and Cisco (CSCO:Nasdaq - news) and Exodus (EXDS:Nasdaq - news) ramp huge. To which I say, once again, they will be unprepared for what happens.



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[Ralph]

TS,

diesen Artikel habe ich zwar schon letzte Woche gefunden, aber erst heute so richtig gelesen !

Wie interpretierst Du den letzten Absatz "Now everyone is talking ..... " ?

Ralph

[TotalStock]

Hi Ralph, habe ja schon im Dezember gepostet, daß ich daß sich die Fondsmanager neu positionieren und ich vermute daß im Januar die Jahr 2000 Gewinner aus den Depots fliegen.

Just my two cents.

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[TotalStock]

Hi Leute, die Umschichterei geht schon los...

RS downgrades Net builders (CFLO, QSFT, EMC, VRTS, NTAP, INKT, NENG, NTIQ, NETE, CERT, ISSX, VRSN) by Tomi Kilgore
Analyst Dane Lewis downgraded a number of stocks in the data availability business, citing a expectations of a "significant slowdown" in information technology spending in the first quarter, and likely second quarter, of 2001. Lewis lowered the ratings of CacheFlow (CFLO) and Quest Software (QSFT) to "buy" from "strong buy," and cut his recommendation on EMC (EMC), Veritas (VRTS), Network Appliance (NTAP), Inktomi (INKT), Network Engines (NENG) and NetIQ (NTIQ) to "long-term attractive" from "buy." Reasons given for the IT spending slowdown included a "macro-economic concerns" and a "evaporating" threat from dot-com companies which should slow Internet initiatives at 'old economy' companies. Lewis also downgraded some security vendors for the same concerns. He cut Netegrity (NETE) to a "buy" from a "strong buy;" and he lowered Certicom (CERT), Internet Security Systems (ISSX) and VeriSign (VRSN) to "long-term attractive" from "buy."



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[TotalStock]

Hi Leute, und wie die aufs Parkett fliegen als 10% oder mehr down... wußte ich es doch...

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[Ralph]

Droht uns jetzt eine Internet-Depression ?

Ralph

[TotalStock]

Hi Ralph,

bei mir schon ... http://www.stock-channel.net/Board/smilies/confused.gif vorallen wenn ich an Gerts INSP Rechnung denke...
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<font size=1>[Dieser Beitrag wurde von TotalStock am 02.01.2001 editiert.]</font>