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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 76.11+0.9%Nov 21 9:30 AM EST

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To: The Phoenix who wrote (35755)5/18/2000 8:40:00 PM
From: SyncMan  Read Replies (2) of 77400
 
Re: The market as a whole is still trading in a trading band between 3350 and 3800ish.... so nothing is falling apart... other than our good 'ol Cisco. Sheesh. I have to admit that I'm surprised... but heartened by the fact that it's holding support.

what's the AH?

There are two ways to look at Cisco (at least) at this point.

CSCO is down from 81 or so to 55. Not very pretty. The sky is falling, the sky is falling! Momentum has caught up to us. Look out below! (35 in site?) Lemmings deserve to fall off a cliff.

OR:

We're still up for the year. We've taken Greenspan, and the MSFT ruling, and the Barron hack, and everything else, and CSCO is still (barely) up YTD. It's incredible. It's probably the most bullish arguement I've heard for CSCO. LU is down 20 for the year. NT is up 6 for the year. MSFT is down 50 for the year. GE is up about 4 for the year. Not too bad, (so far).

Of course, the downside of all this is that we don't have the fear to mark a bottom. But maybe we don't need it.
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