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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.42

+1.9%

Dec 19 9:30 AM EST

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To: MHA who wrote (54308)	8/6/2001 5:40:01 PM
From: Jerome	Read Replies (4) of 77400

>>What makes you think Cisco will go over $20.,,, Fair question.... 1) The trend has been in place for the past month or so. 2) If CSCO announces that things are not getting worse... that alone will cause a rally. 3) CSCO is one of the most widely held stocks. If CSCO rallies its good news for all the Nasdaq tech stocks. So everyone wants to see CSCO do well. 4) A rally past 20 might have a short life cycle. A month from now CSCO could be back at 19.50. 5) The fed is likely to cut interest rates again this month. This will not hurt CSCO or the techs. 6) If anyone wanted out of CSCO they had the whole damned year to do so. So where will the selling pressure come from? 7) Did you not see a rally on ORCL, INTC, TXN, TER and dozens of other tech stocks on the day that they announced poor earnings? So what else is new. But keep in mind these are my assumptions...I have no credentials, and dozens of friends that will swear that I know nothing, absolutely nothing. On most days my mule Blossom makes me look dumb. Jerome

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