Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: tradermike_1999 who wrote (1723)	1/10/2001 11:19:27 AM
From: Crystal ball	Read Replies (1) of 74559

You sound like an analyst. CSCO follows the NASDAQ and that is the problem, its performance, on its own news and own financials would mean it should lead and outperform the NASDAW even being an $80 stock or more, instead, bad NASDAQ news pushes CSCO down, through no fault of CSCO, since CSCO is the ONLY stock to NEVER have missed an earnings estimate, no other NASDAQ stock I know of can make this boast. The analyst this morning just took over the previous analyst's job of following CSCO and to make "A BIG SPLASH" he downgraded CSCO and a few other stocks, and the market today has already proved him wrong. CSCO instead of going to $25 or $30 as the analyst downgraded instead has gone up, to $37, so what does this mean? Bad news made CSCO go up 8%. The NASDAQ is up on a stealth rally, but not up as much as CSCO. Of course later today volume may catch up and push CSCO down because of penguin-ism but that too should pass. I am, Truly your$, -Crystal Ball

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