Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: bearshark who wrote (11472)	12/13/1997 11:48:00 AM
From: Joan Osland Graffius	Read Replies (1) of 94695

Hi bearshark, thanks a million for the CSCO financial information. I am chart watching here. My assumption is when we have a monthly lower low we are seeing institutional selling. This lower low was not big. We have seen the weekly lower low significant. Before I short I would like to see this continue with heavy volume, but is not a requirement on my part. I would expect a dead cat bounce to occur because the stock will look "cheap" to some folks. But who knows. Last week people were paying for 49% growth in this stock...a little high with slowing growth.<ggg> The CEO has been saying he is committed to 30% growth, but if the business is not there buying companies with your currency it tough unless they can buy something for 10 cents on the $. Patience..is king in times like this. There is lots of room between it's current price and $0. Not that it will go to zero but there is still room for a double or triple short. Joan

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