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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 75.44-3.8%Nov 20 4:00 PM EST

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To: The Phoenix who wrote (47446)1/29/2001 12:06:55 PM
From: michael97123  Read Replies (1) of 77400
 
"What message do you think Chambers is sending to AG? He for sure is clear about
the way he'd like to see rates go.".


I was thinking the same thing in an earlier post somewhere today I alluded to that same point. AG must protect Nasdaq and Cisco is tantamount to nasdaq.. So given that the half point was assured, maybe the message is to add 1/4 more. We will see soon enough. I do believe that barring a severe more lengthy recession, the bad news from cisco this weekend will just solidify the bottom in the mid 30's, maybe a bit lower than now but that rate cuts and the actual earnings release will start the rally for cisco.
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