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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.04

-0.3%

Nov 26 3:59 PM EST

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To: Gerald Walls who wrote (11844)	1/29/1998 2:02:00 AM
From: The Phoenix	Read Replies (2) of 77400

I seem to remember someone saying a couple of weeks ago when CSCO was at about 57 that there was no way in hell that we'd see the low 50's. A few days later it opened at 52. Gerald that's a misquote. That was me responding to Lucretius when he said Cisco was going to 46 as he was shorting (I think he covered). I responded by saying there's no way that Cisco goes to 50...,which it didn't (wish I could find that post for date purposes). Furthermore, in that post I went on to say that Cisco would push to 57 after INTC announced...which it did. I continued by stating the Cisco would push past 60 as we approached earnings ... which it's done in spades! Now, I'm not saying that it stays at these lofty levels (it may! I'll report on my thoughts on this later) but clearly those that shorted in the mid-50's are hurting....and it's not going back there anytime soon unless John says something significantly bad in the announcement next regarding Asia.... Gary

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