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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 84.82

+3.0%

Feb 6 9:30 AM EST

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To: Swamy S . Bale who wrote (9246)	9/11/1997 10:48:00 PM
From: Trina	of 77400

"I bought csco at 82 15/16 before the earnings. Since then, it has drifted to low 70s. It has broken 50 day moving average downwards. Do you people recommend me to hold or sell? If I were to hold, how long it would take to come back to 80s?" Sometimes I really get baffled with the TA chart. At times, it does not mean anything. When CSCO was trading at 82 15/16, the chart showed extremely "bullish" condition. Yet, CSCO tumbled all the way to 72 (mainly due to downgrade on ASND). Now the chart is showing "bearish" per 50 day moving average. Will CSCO trade below 70 in nearest term? Not necessarily so. It may well go back to 80s. This is a crazy, volatile market. However, there are several "hot products" (i.e. GSR, Token-Ring Switch, cable router) are in the offing.

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