Z Best Place to Talk Stocks Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Z Best Place to Talk Stocks

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jeff Christensen who wrote (23336)	5/16/2000 11:26:00 PM
From: DanZ	Read Replies (3) of 53068

CSCO. Larry and John: I think that CSCO is acting ok, and would hold it unless it breaks 57 3/4. It would be a risky hold if it breaks that, but it would look ok if it trades below 57 3/4 and then rallies back above 58. I flipped the stock 8 times today (7 winners, 1 break even) so kept a pretty close eye on it. It gapped higher, filled the gap, and then bounced. It sold off a little just before the Fed announcement and then rallied strongly after the interest rate hike was out. The stock fell about half a point near the close as the S&P futures went below fair value, and it was trading about 3/8 lower in the evening session. I think that a reasonable short term target is 64 to 65. With the risk to 57 3/4, it seems like the risk/reward is good enough to hold the stock. I still like some of the lower PE and PEG technology companies (e.g. INTV) better than CSCO, but I don't see any reason to sell CSCO unless it breaks support. PS to Jeff C: Man, where have you been? Thanks for stopping by to say hi. I'm glad that you are making moola! Now how about sharing some of your ideas that got you there! gg

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next