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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 82.36+1.5%Feb 5 3:59 PM EST
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To: GVTucker who wrote (68118)6/23/2005 11:53:01 AM
From: RetiredNow  Read Replies (1) of 77400
 
LOL. I think so too. Chart reading to me is no better than tea-leaves, but it sure is fun to hear the predictions and to dream a little about whether they will come true or not.

I do stick by my macro fundamentals points, though:
1) real estate and oil are peaking
2) every category has had their run in this recovery except large caps.
3) every sector has had their run in this recovery except technology
4) large caps typically lag small caps in a recovery and large caps are overdue from this perspective
5) many economists think the rate hike cycle may be coming to a close by summer's end, which will benefit the stock market
6) VOIP, wireless, and security technology is taking off
7) telecom and SP companies are boosting spending in a big way...most are converting all their multiple networks including circuit switched into single MPLS network with multiple service offering...core router sales are taking off according to several industry analysts...InStat thinks core routers will double sales by 2009, of which Cisco continue to own the lion's share...all of these trends benefit Cisco the most

All of those things make me think the stock market could rise another 10%+ this year and Cisco will rise along with that. I think $25 by Jan'06 is totally doable. Of course, if oil continues to cruise right up to $100, then that could tank the stock market, throw us in recession, and put a lid on Cisco's stock price.
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