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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 74.59+0.3%Jan 23 9:30 AM EST
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To: Matthew who wrote (11836)1/29/1998 10:37:00 AM
From: Ms. X  Read Replies (1) of 77400
 
No gloating Matthew...
:-) Shorting a stock trading above its bullish support line, giving a couple of buy signals is generally not a good idea. The only thing he had in his favor was the sector hadn't reversed up yet. Cisco will at some point pullback but it would take a major slide in the sector to create a sell signal on Cisco's chart. Once the sector reverses up, I imagine Cisco will do even better.
My .02
Jan (know who I am?)
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