Cisco Systems, Inc. (CSCO) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.04

-1.3%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Greg Strzegowski who wrote (10858)	12/15/1997 10:17:00 AM
From: Will Young	Read Replies (1) of 77400

Greg, CSCO held very well with IBM and MSFT until very recently (last week). With 3+ times of average volume and 6 points down on Friday, I expect further decline in its price to its 200 day moving average level. Who knows who's selling, but the volume tells everything. It will vibrate for awhile around mid-70s. However, I don't think CSCO will break 70 downward. It should have enough support right there. I'm planning to cover it at that point. If it did break the 70 level, I'll short more shares. It'll be unthinkable but anything could happen on the stock market. CSCO is the best stock I have ever played with and I love it. I'm very confident that it will run again before any of us could recognize it. Now it's just because of the market which murdered the whole tech sector.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next