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Technology Stocks : CSCO - where's the bottom?!?!? Bear Thread
CSCO 73.87-0.1%Jan 9 9:30 AM EST

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To: bambs who started this subject11/29/2000 10:50:15 AM
From: bambs  Read Replies (1) of 253
 
seems like csco is saving the day....or at least trying to...thought we could lose $50 today....but it seems some big money fund managers must be supporting csco...no surprise what the hell else can they do...I often wonder what I would buy if I managed a high tech growth fund. It seems that csco is the #1 pick of many...good liquidity and it's more stable then any other high growth tech. It will have it's day though...as a core holding of so many, fund managers have no choice but try to support it and ride it down. Sad but true. If they sell their csco what would they buy? It's tough when you manage billions dollars of people money and everything the whole sector that your fund is in is over valued. CSCO will hold up until...vendor financing blows up, revenue short fall, gains from investments can't be used as easily to make the numbers, or there are real redemptions in high tech funds. CSCO is not a good buy....it's just not as bad of a buy as JNPR, CIEN, etc....that's why it's holding up.

bambs
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