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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 79.92+1.9%10:40 AM EST
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To: thebeach who wrote (21705)2/2/1999 5:47:00 PM
From: Peter Greenhill  Read Replies (1) of 77400
 
The NASDAQ and CISCO in particular have had a great run recently. IMO it will be no bad thing for both to drop 10-20% and tread water for a few months and allow the fundamentals to catch up a little. This will then set a base for further upward movements later in the year. One or two people on the SI threads appear to expect the tech stocks to head north in a straight line forever.CSCO is a great stock whose price has raced ahead a little too far. However on a two year view I expect it to go substantially higher.

Cheers

Pete Greenhill
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