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 76.11

+0.9%

Nov 21 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Lucretius who wrote (11558)	1/14/1998 11:18:00 AM
From: The Phoenix	Read Replies (1) of 77400

Broad mkt may rally Wed on this news, but CSCO looked very weak today for an up day in the mkt, and a recent cross of the 50 dma. Not much confirmation there. Lucretius. Again you are right. CSCO didn't rally along with the rest of the sector. But we do have to keep in mind (I think?) two things. CSCO is trading near its all time high - unlike other networkers - so upside, as a %, is probably less than other weaker networkers. BUT, the downside is less as well since CSCO is clearly the bellweather of the sector. I think these facts alone make CSCO a good long term hold... and given what I've heard about this quarter and good short term flip. The other issue possibly holding back the stock right now is earnings. Folks may be waiting for late Jan. before comitting. History tells us that this stock always gets bid up before earnings (Feb 3?). "Buy on the rumor, sell on the news". Good luck with your position! I guess we'll all know fairly soon. BTW: Interesting that the market is putting more teeth into INTC's forward looking comments rather than the recent earnings announcement. But I guess stock valuations are based on future expectations. I wonder if Intel is sandbagging next quarter to shield themselves against any possible escalation in Asian currency markets. What do you think? Gary

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next