Cisco Message Board - Msg: 13666970

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Technology Stocks : Cisco

CSCO 71.75

-0.5%

Nov 11 3:59 PM EST

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To: The Phoenix who wrote (3)	5/10/2000 2:07:00 PM
From: mwj6	of 405

even with CSCO's amazing earnings that the entire market is still sour . I think a lot of money is sitting on the sidelines and short term pros are going short -- there have been a lot of big drops on low volume. If you look at the charts of stocks like CSCO and ORCL that have held up, it looks like we are in the second leg down of a double bottom (a very healthy formation). Long term investors that don't need the money this year don't have an incentive to take it off the table as long as the companies they have invested in are not showing a fundamental problem (and IMO they aren't). /matt

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