CSCO - where's the bottom?!?!? Bear Thread Message Board

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Technology Stocks : CSCO - where's the bottom?!?!? Bear Thread

CSCO 71.08

+0.1%

Nov 7 9:30 AM EST

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To: Wyätt Gwyön who wrote (193)	11/29/2000 8:09:18 PM
From: bambs	Read Replies (1) of 253

check this out...very interesting I just did a little math. 2706 close on nasdaq comp. nas futures were at 2620 at 4:00 pm at 4:15 nas futures close at 2530 down 90 points... currently the are down another 50 which is 2480. Thats a drop of 140 points from the close of 4:00 pm 2706 - 140 = 2566 x 2 = 5132 which happens to be the nasdaq high of the year. 50% off right now as we speak... I think we go limit down again tomorrow...margin calls and limit down again Friday and then major hell break loose on monday...margin calls, tech fund redemptions I wouldn't be surpissed to have that test of 2250 soon. I thought this level would be a real support level on the nas for this year. We shall see...hard to say when bloated stocks like csco still trade with actual p/e's of 125. bambs p.s. I think this is a sign from God...time to give up being bullish...lol

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