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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 77.76

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3:59 PM EST

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To: LordDarley who wrote (9825)	10/28/1997 10:44:00 PM
From: Zoltan!	Read Replies (1) of 77400

>>Does my recent scepticism about 20% sure gainers, expressed mainly for the benefit of younger investors on this board, still raise eyebrows in Idaho? We are in for a very long haul before people regain confidence in stocks, even at today's closing levels. Too many want out, if prices recover. That's a very bad sign. And I doubt there is that much cash left on the sidelines. It's nothing to do with Hong Kong. It's just common sense when markets are at inflated levels. Gee, thanks for that allusion. The attack on HK was the precipitate. And it has been a long, long haul. Thankfully that's over! Indeed. I'd comment further but that might be premature, almost as yours almost certainly will have been proven to be. Actually, all kidding aside. I would actually not be surprised if we retraced today's lows. But to paraphrase MS, it has been a good thing - training people to be investors and not to be scared out of the market by Cassandras and worse. In retrospect we most likely shall see a comparative few wanted out. As we shall most likely see that they were had. Regards

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