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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 84.82

+3.0%

Feb 6 9:30 AM EST

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To: GVTucker who wrote (68057)	6/16/2005 10:30:08 AM
From: Elroy	Read Replies (1) of 77400

My best guess is that OPEC is right in this specific case--speculators are driving the price of crude. There must be some way to measure that. If its the case, speculators have got to be stocking crude somewhere (or at least stocking up the right to take crude), and their stock or right to buy would have to be X% higher than a year ago. BTW, if crude collapses right now, I don't think you should be too quick in thinking that large caps like CSCO would take off. Best case for CSCO is a modest decline to the mid $40's. Exsqueeze me? Modest decline from ~$19 to the mid $40's?

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