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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 72.11-0.3%Nov 5 3:59 PM EST

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To: ALTERN8 who wrote (22500)2/12/1999 1:50:00 PM
From: James A. Shankland  Read Replies (1) of 77397
 
Last chance to pickup CSCO under 100. IMHO

Mmm. Maybe. I think there's a fairly good chance that some time in the next 3 months, the whole market will go into another one of its "the sky is falling" funks, and CSCO will drop to 85 or less. If this does happen, I think it will have little to do with CSCO's fundamentals or even valuation (which is a little on the high side), but be mainly another semi-random swing in market psychology.

Short-term, the market seems to be acting ever less rational. Look at the NASDAQ: up almost 100 yesterday, retracing by almost the same amount today. If this market were my spouse, right now I'd be putting on my calmest, least threatening voice and suggesting she might benefit from a visit to a mental health professional (they can do wonders with medication these days).
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