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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.16

+0.2%

Dec 26 9:30 AM EST

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To: larry who wrote (65974)	8/11/2004 10:47:50 AM
From: t2	Read Replies (2) of 77400

At this point, they all look like good shorts. Too much changed in the fundamental picture on the tech sector last night..not from just Cisco. I am probably just going to stick with the short QQQs...that should pretty well cover everything. I was planning on covering and going long on a weak open. However after going through all the terrible news (not just from Cisco), there is no way I would even think about unless we get around 1600..and even that might not be low enough. Cisco should be even lower right here--being held up by buy backs; watch the 3:30 to 4pm period as corporations cannot buyback at that time. Seems like late 2000---companies just coming out and talking about weakness; one by one--soon many more will be warnings. That is why it is hard for me to accept the possibility that this is some capitulation phase at this point; just too soon. We are on the verge of many many tech warnings in the coming days and weeks. Is there any doubt about that larry? btw--However, I just get the sense that AMAT and Dell's earnings will create a short term pop afterwards.

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