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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 73.87-0.1%Jan 9 9:30 AM EST

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To: ehasfjord who wrote (60322)7/17/2002 10:51:36 AM
From: RetiredNow  Read Replies (2) of 77400
 
Hi all, does anyone have any guesses as to what the Cisco stock price will be in early August before and after the earnings release? Mostly I'm interested in what the Technically focused traders think. Thx in advance!

P.S. My guess is that we see $17 within a couple days of the earnings release, before or after. Of course, if Cisco misses the estimates, then all hell will break loose to the downside. But I think risks are minimal there because 1) this is typically Cisco's strongest quarter, 2) enterprise spending is strong according to Cahner's Instat, 3) Merrill Lynch channel checks show that Cisco is on track to meet their estimates this quarter, and 4) Cisco's parts suppliers seem to be showing strength in the areas where Cisco has products.
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