Cisco Systems, Inc. (CSCO) Message Board

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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.90

+2.5%

2:35 PM EST

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To: Ed Forrest who wrote (59827)	6/14/2002 6:06:55 PM
From: RetiredNow	Read Replies (2) of 77400

Well, I must say this chart isn't reassuring: finance.yahoo.com Several confirmations of a downtrend. 10dma below the 20dma and about to cross the 50dma. Price has broken down below all three. Looks bearish to me and no earnings report to bolster the price until early August. Unless any good news leaks from Cisco, their suppliers, or their competitors, my guess is that Cisco's price will experience a slow bleed in the short term and may very well reach Mary's price target of $13.62. At that point, I may consider buying in the hope we get another post earnings report pop. This is usually the good quarter for Cisco, at least it was historically. Now anything could happen. Good luck all!

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