Cisco Systems, Inc. (CSCO) Message Board

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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 71.08

0.0%

Nov 7 3:59 PM EST

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To: JakeStraw who wrote (49308)	2/23/2001 10:51:14 AM
From: t2	Read Replies (2) of 77397

Jake, Not too many sellers of Cisco stock lately. I am still surprised by how it is doing well in an environment in which any high PE stock is getting crushed...earnings good or bad makes no difference. Maybe the bearish just went too far...everyone has downside targets on so many stocks. One would think that many just have thrown in the towel and at some point, the selling pressure just dries up. At least for a 15 to 20% bounce. BTW--sunw profit warning was big but why is the stock not down much? That is what leads me to believe that the selling pressure is disappearing. Have to wait for the late afternoon trading for confirmation.

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