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Non-Tech : Sunglass Hut RAYS- Will it ever breakout?
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To: Steven Angelil who wrote (438)8/20/1997 6:35:00 AM
From: Gary105   of 971
 
OT Steve, Re Cisco. Fundamentally - great company. TA shows negative divergences - ie new highs in stock price were not confirmed by new highs in MACD indicator which turned negative on 7/25. Also this is not the best time of the year for techies which traditionally peak in early summer and bottom in late fall. Potential downside is filling gap at 53 - 55 - but it would take a heck of a correction to do that.
If it ever went that low I'd be gobbling up shares like crazy.

Then again it may build a new base in this region - I'd watch the macd -right now its still in sell mode - but if csco builds base here it may turn around.

imo,

Gary
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