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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 73.99+3.1%Nov 12 3:59 PM EST
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To: Kenneth E. Phillipps who wrote (49206)2/21/2001 4:22:23 PM
From: bambs  Read Replies (2) of 77398
 
Yes, i'm sure you are right...clearly we don't want to break 2250. must be "the bottom". i would be a buyer here if we start moving higher. but if we don't and we break this 2250 level which is soooo important, then i think we will bottom around 500-600 in two years. when the p/e's come down to historical norms and the earnings recession ends. I could be too optimistic though...it might take 10 years to get us back into a bull market.

bambs

P.S. how many times have you perma bulls called the bottom in the last 52 weeks?
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