Cisco Systems, Inc. (CSCO) Message Board

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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.22

+0.1%

Nov 24 3:59 PM EST

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To: SouthFloridaGuy who wrote (33985)	4/16/2000 4:24:00 PM
From: The Phoenix	Read Replies (4) of 77400

SO, While it's clear from much of the jawboning going on this weekend that there is a belief the market will continue to be soft early this coming week (mostly due to margin calls) that most believe we will bottom by mid-week. With this there will be a period of consolidation followed by more reasonable increases.... SO... Is this the time to cry "the sky is falling" or the time to refocus on where the opportunities are and where the values are. I suspect, just as you were late to "predicting" the sell-off, you are also now late to the bottoming that is sure to occur this week. Finally, the NAZ was at 2800 in October.. assuming 30% valuation growth (to match earnings growth of the big boys on the NAZ) we should be at about 3220 right now. Of course, as I said earlier I expect selling due to margin calls but that aside we're very close to bottom and any selling now (unless you have to cover margin) is probably not a good move. My point. Take inventory of your portfolio, figure out which stocks should be pitched - even at a loss - to build more cash to buy stocks that will show long term strength. CSCO is one of these stocks that will continue to exceed the market growth and money will flow back in. This is a hold right here and add on dips. OG

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