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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 73.99+0.2%3:59 PM EST
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To: Jay Couch who wrote (48122)2/6/2001 1:04:10 PM
From: SouthFloridaGuy  Read Replies (3) of 77400
 
I am from New York City, Jay. I never pay until the fat lady sings. How would I know that you would reciprocate the other side? Been ripped off in this hellhole before, believe me! :-)

At the time, I might have said that CSCO was a buy at these levels. Certainly it has showed resilience and made for good trades.

But as conditions have gotten clearer, I continue to be bearish on the LONG-TERM health of the markets and economy. We could see rallies upward of 50% from these levels in both CSCO and the Nasdaq over the next two years, but eventually I see the Nasdaq and CSCO resting at around 1500 and 12 respectively. These targets come from the lows made in 1998.
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