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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.03

+0.8%

Nov 14 9:30 AM EST

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To: Ibexx who wrote (16685)	9/1/1998 3:44:00 PM
From: Joseph G.	Read Replies (1) of 77399

This is your last post on this thread: [with CSCO at $99.5] <<To: Lucius M. Lamar (16415 ) From: Ibexx Thursday, Aug 27 1998 8:06PM ET Reply # of 16685 My NY broker said that the last leg of today's sell-off was triggered by margin calls--usually a crescendo of panic selling and harbinger of trend reversal. I added IBM, WLA, CSCO, RMBS to my existing positions--its possible that one could get these stocks a couple of dollars cheaper, but I wasn't going to take a chance. Past experiences indicate that when the high-Q stocks recover, they behave like rockets. Assuming the worst scenario, I could live with a further decline of 10% (very little chance of this happening) because of my long view and low initial costs of most stocks in my portfolio. REgards, Ibexx>>

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