Cisco Systems, Inc. (CSCO) Message Board

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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.25

-0.2%

11:26 AM EST

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To: Howard Feinstein who wrote (27220)	8/6/1999 12:20:00 PM
From: TechTrader42	Read Replies (1) of 77400

Yes, the technical indicators on daily charts don't look too bad for CSCO right now -- rather good, in fact. But two things do make it risky: the state of the market and the uncertainty over earnings. Good earnings wouldn't necessarily lead to a strong rally. A lot of techs sold off after releasing earnings last month. But the techs have been so battered, it seems very unlikely that CSCO would sell off with good earnings. It seems more than likely that there'd be a rally (and that's what the charts seem to indicate, too). But in this market, are the possible gains worth the risk? Everyone has to decide that for himself or herself. The efforts at rallies today, despite the bad employment news signaling yet another possible reason for a rate hike, could be sucker rallies. But who the heck knows? Brooke

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