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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.12-0.4%Dec 22 3:59 PM EST
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To: TCGNJ who wrote (49051)2/17/2001 8:20:07 PM
From: Razorbak  Read Replies (4) of 77400
 
I think we're pretty close to the bottom now. There's blood in the streets. Everybody is bailing on the entire tech sector. 1.0% Fed rate cuts in the last 45 days, and more to come. CSCO PEG ~0.8 for the first time that I can remember. T/A indicates we're very oversold in the short term. I suspect there is probably 10-20% more downside risk versus 50-80% upside potential in the next 6-12 months. JMHO.

Razor
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