Cisco Systems, Inc. (CSCO) Message Board

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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 73.10

-0.4%

2:20 PM EST

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To: Ibexx who wrote (15135)	7/17/1998 10:28:00 AM
From: Wayners	Read Replies (1) of 77400

I also think CSCO will have a run but here's why: 1. Earnings release on 4 Aug 98 2. Expectation of a stock split announcement in conjunction with the announcement. 3. Technically bollinger bands very tight and starting to widen as CSCO tries to break out above $96. This means high implied volatility--looking forward. Large move expected in near future--up or down. Bias for move in the direction of the trend--up of course. 4. Price reached all time high yesterday--showing attempt to run. No overhead supply of stock. 5. Very solid uptrend--plenty of demand in excess of supply for the stock. Very Short Term hinderances? 1. Options expiration. Natural strike pinning to near $95. 2. A little bit more than 2 weeks till earnings.

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