Cisco Systems, Inc. (CSCO) Message Board

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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.02

0.0%

9:30 AM EST

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To: larry who wrote (54510)	8/15/2001 12:24:47 PM
From: RetiredNow	Read Replies (2) of 77400

I don't think Cisco will go below $10 per share, unless they report something really ugly within the next year. But it looks like they have a good handle on the business and have positioned themselves to weather the storm. However, I do think the stock will meander downwards towards $13, with occassional spikes upwards. So what I'm thinking of doing is watching for those spikes upwards (defined as a >$1 rise) then shorting it near the peak for the day. Then watching the stock drop $1.5-2, and buying for the next pop upwards, then shorting again, etc, until we reach an identifiable trading range, which I'm guessing will be $13-16. I think this is a no news stock for at least 2 months, so it should be a great trading vehicle, insofar as minimizing your risk.

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