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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 77.02

+3.3%

Jan 26 3:59 PM EST

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To: Rob C. who wrote (53090)	5/17/2001 2:41:41 PM
From: Stock Farmer	Read Replies (1) of 77400

Rob - yes, $20 (and any multiple of $5) is a magic number for CSCO. I watched it step its way down in $5 steps from $70, and each transition was hard-fought. So I imagine fierce overhead resistance on the way up. It is not inconceivable we punch through $30 in a fierce rally, and then shed 50-75% to hit the eventual lows. I mark the 30's as a place where a lot of money will feel comfortable coming off the table... John.

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