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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 83.12

+3.1%

3:59 PM EST

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To: Jean M. Gauthier who wrote (16457)	8/29/1998 11:34:00 AM
From: mauser96	Read Replies (1) of 77400

When you see big cap growth stocks like CSCO start to fall in a situation like this, it is a sign that institutions are starting to raise cash. This is especially true of mutual funds who may need cash soon to meet redemptions. The institutions are forced to sell their liquid big cap winners.This helps to tie down quarterly or yearly profits, and these big caps are the only ones that are liquid enough to sell without driving the price down too much. Don't worry, the same stocks will be the first ones they start to buy back when the bear stops growling. It's times like this that show the value of having a cash reserve. IMHO, this is a cyclical bear market (long overdue), inside a continuing secular bull market. This correction is at least halfway over. Did you expect the bull to have it's way forever? Bear markets are necessary to control the excesses of bull markets. The Russian problems were a catalyst for something that was overdue and would have happened soon anyway. Personally I'm glad to see it, since it provides bargains. Think of it a a summer White Sale. good investing

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