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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.04

-0.3%

Nov 26 3:59 PM EST

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To: Mark Duper who wrote (32766)	3/16/2000 12:37:00 PM
From: The Phoenix	Read Replies (3) of 77400

Mark... CSCO violated support at 130 and at 128. Next support is 122 which I expect will hold no problem. I'll be buying there but tight stops will be required since the next support is the 100-106 range. FWIW this is a very healthy move for CSCO and the market... this is like clockwork. Cisco based nicely for about 3 months in the 60-70 range then shot up to the high 90's. Then it based in the 100-110 range for a couple months and shot up to the mid-120's and has been basing in the 125-135 range for about a month and a half. Give this thing a few more weeks and we should see $150 ....er.... $75 (as Sonny Bui pointed out)... or even $80 by end of April-May timeframe. I see no fundamental reason why this cycle should be broken. OG

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