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Technology Stocks : Jimbo's Playhouse/CPQ

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To: Kenya AA who wrote (2307)6/21/1999 2:02:00 PM
From: fooledalot  Read Replies (1) of 12662
 
K,

I bought CSCO last week at 116 so your interest Friday and call this morning regarding a b/o has me intrigued. In almost an identical trade several weeks ago, CSCO bounced off of 122 for the second time to that point, I believe, so I have been concerned about resistance at 121/122. Since volume is a big indicator and we are at about the daily average so far today, it should exceed the "20% over" threshold today with a strong price gain. Not wanting to get slaughtered, I have been tempted to take profits, but there does seem to be life in the stock, and just as important, the market sector, in general. But then, there is always the threat of the post-split blues (profit taking).

Do you have any late game advice??

Thanks.

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