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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.39

+1.9%

12:11 PM EST

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To: Jacob Snyder who wrote (49151)	2/20/2001 7:17:00 PM
From: Chris Carlson	Read Replies (2) of 77400

Mr. Snyder et al, I would like to posit my opinion. I bet we see a small bounce tomorrow followed by some sideways trading until the time this week or next that Mr. Greenspan lowers rates another 50 basis points. At that point CSCO will bounce up with the rest of the market to the high 20s/ low 30s and trade in a range from 28 to 36 until the next earnings report. At this point we will realize the sky isn't falling and, golly, wouldn't it be great to own some CSCO! So I'm saying we're there today. We may know tomorrow if I'm wrong. This isn't a prediction, it's a guess. Maybe I'm whistling past the graveyard and I'll probably lighten my load soon anyway. But when you've owned this baby for a few years as I have, it's easy to be philosophical about paper losses which turn out to mean a 270% paper profit instead of a 800% paper profit!

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