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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 73.28

-0.2%

1:47 PM EST

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To: Stock Farmer who wrote (55950)	10/16/2001 12:52:18 PM
From: larry	Read Replies (1) of 77400

John, I did several trades. Made nice gains with the exception of a small position in CSCO put that's going to expire this Friday.:( I was expecting the index to fill the 9.11 gaps. It seems that both NAZ and S&P have filled the gaps nicely and probably it's time to fill the lower gaps on the run up. These gaps have to be filled with the next 3 months or so. The market as a whole is overvalued, no doubt about it. But I am not sure how long it will take for it to reach the absolute bottom. Maybe we will see a Nikkei scenario in the next decade for all 3 major indexes. I am also not sure whether Greenspan's policy of forcing $$ to go into overvalued stock market will backfire miserably in the long run. And thanks for the response on the issue of 'value' and 'growth'. larry

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