OTOT: Gary, the only reason I didn't come to the CSCO thread was that I forgot there were other threads on Silicon Investor. In recent weeks, I have spent time on only my own thread and Kimberly's thread.
However, I did post there while CSCO was in the low 70's that the stock is dead. I also posted that ICGE, ARBA, JDSU, INSP, EXDS, and every other high flyer would be crushed to levels seen in October.
As far as no support at 45, you're absolutely right. Look at my very first posts on this thread, I put CSCO at 45 +/-10 (I know, I know, the range is ridiculous).
HOWEVER, The bottom of the range gives us 35, which is the true support.
When I was offered a case of beer if CSCO was going to go below 50, I readily took the bet!!! <wouldn't you?>
Basically, yes, in my heart I think CSCO hits the bottom of the range.
In other words, if one thought CSCO can go to let's say 40...it still could be a sell, right...and thus, am I really coming here late?
Glad to see we can be cordial. |
