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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.42

+1.9%

Dec 19 9:30 AM EST

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To: Eric who wrote (59986)	6/26/2002 4:48:37 PM
From: RetiredNow	Read Replies (1) of 77400

LOL. I hope. You know alot of people are calling for the final capitulation that is supposed to signal the bottom. But I keep coming back to the thought that the folks who are still holding losers now may not sell until a recovery is well underway. At this point, those folks have lost a ton of money, so to sell doesn't get them anything in their minds. So I think the capitulation has shown up in the astounding drops of the last two years. Why is it that most people think of capitulation as a one day outrageous drop? Why can't it also be a steady decline over two years? That to me tels me that most people have reached the level of despair where inaction is the rule rather than the exception. That is also capitulation and we've already experienced it. So maybe the bottom is here already? Anyway, if it's not here now, I bet we see the bottom by October or thereabouts. 2003 will be a decent year and 2004 will be downright good. Those are my long term bets.

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