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Why Cisco down? My question was, why isn't it up. I hold
3com and so have been envious of cisco shares' higher PE. Since
3com news and beyond, now 3com has PE about 57 and Cisco's 42,
with Cisco yet to report earnings (3coms trailing earnings got
a 20% boost). So relative to other premium stocks yes Cisco
is cheap at 60, 65, or 70. Analyst conference yesterday,
analysts return home today, meet in their analyst places this AM,
establish their stock positions after lunch, then reiterate the
strong buy recommendations. Its gotta move, I suppose the technical
test would be if it rallies above 66. I'm not a chart reader, I
do, however, have a crystal ball. |
