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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.22

+0.1%

Nov 24 3:59 PM EST

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To: Lucretius who wrote (11664)	1/20/1998 5:24:00 PM
From: The Phoenix	Read Replies (1) of 77400

Lucretius, Yes, it does appear that the longs are looking good. What can I say... Yeeeessssssss!!!!! At 1/2 point + per day for the last 3 or 4 days...the momentum is clearly building as we near Feb 3. Not to break my arm patting myself on the back I did say that this would be the case as this is a recurring theme prior to every Cisco quarterly announcement. I don't think this has anything to do with how "nutty" the market is...it's simply the fact. The market has always been a buy on the rumor, sell on the news environment. Clearly the rumor that Cisco will not disappoint is far stronger than the one that say's they'll miss. I think you did right by covering here. I suspect Cisco will continue to push into the low 60's from here. Go Cisco!!!!! Gary

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