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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 73.30-2.5%3:08 PM EST
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To: Mark The Trader who wrote (50131)3/17/2001 7:06:27 PM
From: SouthFloridaGuy  Read Replies (1) of 77400
 
Yes, $2.50 is crazy, but you took it out of context. I have stated many times on the record that my first target on CSCO is $10-12. I think that this is doable and a bare minimum - $6 is reasonable and has been stated by several others.

However, my point is that as a BUYOUT target, CSCO would have to be $2.50 to make it worthwhile in a downtrodden environment.

If I didn't write that clearly, I apologize.

In the meantime, I have lost all respect for the sell-side, CNBC, and most of middle America for being so bullish when there is so much history on the markets in terms of the way bottoms are created. It's going to take some massive unemployment to cause some...well, you know what the word is...
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