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Strategies & Market Trends : Sharck Soup

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To: besttrader who wrote (21005)5/7/2001 3:41:26 PM
From: Electric   of 37746
 
I am not so sure that whatever CSCO does, the market has already discounted the reduction in estimates, so I wouldnt plan on a big drop in the stock or the group if they come in line or beat the lowered estimates and say that things are getting better on the horizon. I dont think that it is worth the upside burst it may get if any of these things happen. Same reason I didnt buy LU long the other day, the story was bad and the stock didnt hold..IMO CSCO wont be punished unless they havent already let the skeletons out, which I think they have..

Good luck, but take a LIGHT position..
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