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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 72.10

+1.4%

Nov 10 3:59 PM EST

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To: ehasfjord who wrote (59631)	5/31/2002 2:35:11 PM
From: RetiredNow	Read Replies (3) of 77397

I'll tell you where Cisco is headed: up! Check out the chart: finance.yahoo.com 20 dma and 10 dma have now both crossed the 50 dma, while the stock price has bounced off the 50 dma, upwards. This means that the stock price is now in a confirmed upward trend. Add to that an improving economic outlook underpinned by very good manufacturing numbers, improved business spending, and steady consumer spending and sentiment, and I think you have a sustained creep upwards ahead of us. I still think $25 by year's end is not out of the question. This last quarter earnings release, we already saw how explosively Cisco's stock can move upwards on good news. When you put a solid economy as a foundation to continued Cisco successes every quarter, you are going to see a steadily rising stock price. That increasing market share that Cisco is racking up is going to pay off big once spending takes on a more normal growth trajectory...and we're only about half a year away from that happening. Good luck longs!

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