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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 71.07-1.4%Nov 6 3:59 PM EST
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To: RetiredNow who wrote (41256)10/22/2000 4:02:07 PM
From: bambs  Read Replies (1) of 77397
 
One thing to consider. On CNBC they said that the Dow has only broke it's October in the same calendar year once. That was 1929. They also said that the Nasdaq has never broke it's October low in November or December of the same year. I expect that as many people have faith in these statistics their won't be any real selling in the market until next year. Unless of coarse, there is major disappointments by some big cap techs. Energy prices the middle east and junk bond problems will remain the potential problem areas for the market.

I think it's of the at most importance that the market follows through with this rally next week if we are going to head back up to the 4000 area for Christmas. Personally, I don't see us going over 4000. But you never now. NT's good numbers should give the market an excuse to rally this week.

Bambs

P.S. I emailed CSCO IR several times, requesting clarification on some of the issues raised in the Bill Parish article. I received no response. It's too bad. I would really like to know how many CSCO granted stock options in total are currently held by employees and directors. If anyone else can clarify this it would be greatly appreciated. The Bill parish article gave the impression that there are 800 million.
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