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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 77.78+1.2%3:59 PM EST

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To: Eric who wrote (67001)2/8/2005 11:28:36 PM
From: t2  Read Replies (4) of 77400
 
Probably little upside in the stock as well. I can't see it hitting more than 22 at best in the coming months assuming a strong market. I don't plan to stay in this stock long; no reason to.

As for retail investors not being in such stocks, I am going by the money outflow from tech mutual funds in 2004 and any investor poll I have seen has been bearish on technology. It seems tech is not the prefered investment now and that is why there is little negative reaction to Cisco afterhours. I had not considered the TA perspective on Cisco but I see "BenWobbles" says it is not good.
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