Cisco Systems, Inc. (CSCO) Message Board

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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.00

+0.7%

3:59 PM EST

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To: The Phoenix who wrote (44294)	12/8/2000 1:03:00 PM
From: t2	Read Replies (2) of 77399

Oil prices dropping, election jitters gone, fed rate decreases on the horizon, NAZ already dialed down 30% due to expectations of slowing growth. INTC revenue shortfall didn't result in selloff, etc etc... I wonder what all this means for the market ;-) I think the stocks not going down on profit warnings may an indication that there has been too much shorting. Therefore, they end up covering right after the warning and the stocks go up. That may explain why SUNW is going down today; those covering Intel may be setting their sights on companies that could have difficulties in meeting revenue targets this quarter...not a bad strategy. Waiting for SUNW to say something if the stock continues to declines. Overall, this buying on profit warnings is a great sign of a market bottom.

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