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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 71.07

-1.4%

Nov 6 3:59 PM EST

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To: jach who wrote (18353)	10/22/1998 4:18:00 AM
From: nihil	Read Replies (3) of 77397

RE: Cisco sympathy move Don't care to discuss the whole day, but S&P, Dell and Intel gapped up on the open (Intel ~ 3 points), and then immediately started a 60-90 minute decline. CSCO gapped up 1 and fell 1 in the first 10 minutes and then trended up for the next hour. It is impossible to correlate these movements. True, if you look at the 10 minutes patterns for the last few days there is an extraordinary correlation between Dell and CSCO, but even had I recognized it contemporaneously, I would have hesitated to day trade. It is true that on Friday pm to Tuesday there was no trend in the highs for CSCO, and about $1.5/share for Dell, but Dell is being vigorously pumped by all and sundry. Anyone who wants to make money consistently in these stocks should put them in a safe deposit box and take a long vacation, perhaps in the South Seas, where there will be no temptation to sell high or sell low. No one can foretell the future, and almost everyone believes that these two guys are the best bets in town -- that's why they are so overpriced.

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