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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.43

-0.7%

3:59 PM EST

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To: The Phoenix who wrote (19273)	11/12/1998 7:05:00 PM
From: SouthFloridaGuy	Read Replies (2) of 77400

You know what, the more I think about it, the more I cannot say anymore. I am absolutely astonished by what is happening in the markets right now (KTEL's, AVCO's, etc). It's like even though the Dow hasn't even made a new high, the money is streaming towards the most speculative and dangerous issues. Is this what Greenspan has created? If he is truly a smart man, he will wait to cut until there is evidence of a slowdown -- perhaps wait until December (one month won't kill us). At this time he has only fueled the rememergence of ramapant speculation in the credit markets and equity markets. The only way you can teach people a lesson is to let them fail -- a hedge fund needs to be fail so that this risk taking is put an end to (for now). So where will CSCO go? I have no idea. BUT, I'm thinking Dow 8100 now and CSCO in the 50's. Good luck. Yes, I admit, I am net short as of today and long Gold...but God dammit, rightfully so!

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