Cisco Systems, Inc. (CSCO) Message Board

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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 70.91

-0.2%

3:28 PM EST

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To: John Malloy who wrote (32276)	2/12/2000 9:13:00 PM
From: Guy Gordon	Read Replies (2) of 77397

RE "My conclusion: Cisco is a buy even at $130/share." Perhaps long term. But short term, CSCO is overpriced. Here is a chart: white-crane.com I trade and invest using trendlines & channels. On the chart you can see that CSCO is at the top of its trading channel. That down arrow yesterday is where I sold a few shares to get off margin. (I still hold far more long-term.) I tell everyone they need to own this stock. But I wouldn't advise them to buy it this week. They should wait for it to correct a little.

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