Cisco Systems, Inc. (CSCO) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 71.08

+0.1%

Nov 7 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Buzz Payne who wrote (18319)	10/21/1998 12:49:00 AM
From: jach	Read Replies (4) of 77397

nasdaq down about 0.5% but CSCO was down almost 4%; this is not a good sign, from price patterns, seems like some small investors seem to be getting in a little bit here and there, but the big boys are dumping. Historically, imo, when stocks showed this type of pattern it's a pre-cursor for some bad news such as a warning or downgrade. IMO, one can side line and can get back in after the earnings report come out. Even the earnings meet or beat by 1c, the stock may drop as asnd did today initially. If the qtr report includes some warnings for future qtr, then it will take a big hit and very likely drop 30% to 40%. So, imo, why take the risk as the upside form now till earnings report is not much but the potential downside is a lot. And it looks like the big boys seem to be getting out to some extent.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next