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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 75.44-3.8%Nov 20 4:00 PM EST

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To: Yogizuna who wrote (39611)8/18/2000 9:46:55 AM
From: t2  Read Replies (1) of 77400
 
Possible bottom signal on my system for CSCO last night. This is getting interesting

I don't use technical analysis myself but I get the same feeling. Still think the big options trades before earnings are working their way through this stock.
That is also why I think this stock rockets Monday. It is unusual to be able to hold down a stock like Cisco in relation to options expiration event but I think this time the big options trades have done.

One of the two things can happen (IMHO), we rally big today or we rally big Monday. I don't see a third possibility. If it remains low by the day end, I would think it is the time to buy.

The type of trading that has been going on in the stock tells me it is options related. The other Nasdaq big cap, Microsoft, is down for other reasons--it has lots of issues--but Cisco has none of these problems and that is my bulllish case.
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