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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 75.19-0.1%Jan 16 3:59 PM EST

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To: Gold Beach who wrote (54915)9/5/2001 1:38:12 AM
From: Stock Farmer  Read Replies (1) of 77400
 
Donald - if this becomes a "scary" week, than $14 might be something to try for on the way back up.

There is still incredible hope bouyant in the market that we'll have a v bottom and run up up up from there.

However, as I posted elsewhere, the only way to get capital gains out of an overpriced stock is for it to get more overpriced. In which case, the last one out loses.

So any pop we get will be jammed by a rush for the exit.

The breathless anticipation that it might be tomorrow is not fear, but hope. Hope that this will all be over soon and we can all get back to up up up. Or at least that's how it reads. I suspect there will be one more concerted attempt to ramp the market and vacuum the rest of the hopeful money out of peoples pockets before the players cash their chips and waddle out of the casino to their waiting limosines.

The only way this will fail to happen is if the bottom really drops out. And if that happens we should go down 30% or more. Which would take CSCO well below $14. To the ten zone.

John.
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