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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 74.59+0.3%Jan 23 9:30 AM EST

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To: Monty Lenard who wrote (47296)1/27/2001 1:08:27 PM
From: James F. Hopkins  Read Replies (1) of 77400
 
I found your reply checking your profile.
My momo was mixed Friday up slightly
however very heavy volume in CSCO & ERICY
( both down ) wasn't factored in as it works
on 10 avg volume , the market seems very
undecided & just about any news could
run it either way. ( short term)
One thing about the dip is taht it
caused the NDX to broaden out some
There were too few stocks with very big
gains taht had it jacked up, in that
respect it looks better than it did,
however it's still way over priced for
an economy that's contracting.

But being over priced don't mean
a lot in the dream land of J6p
as long as the suckers can still
borrow money to toss at it , it can
go on up.

We still have a few gap ups to fill
but that may be a month coming
I sure can't tell with the mixed
data I'm getting.
-----------------------------

As for CSCO under the circumstances
she has recently made two very foolish moves with
her cash but then too so did WCOM some
time ago and it took a long time for taht
to catch up with her. ( but it did )
--------------------------------

Csco may take a long time to drop
to fair value ( about $10 a share )
but when the smoke and mirrors
stop working people will see anything
over a 20 P/E as stupid long term
holdings.
Jim
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