Cisco Systems, Inc. (CSCO) Message Board

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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 77.81

-0.3%

3:59 PM EST

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To: Jimbo who wrote (25018)	5/6/1999 11:50:00 AM
From: Eric	Read Replies (1) of 77400

Jimbo We are in a long consolidation phase here which IMHO is due to Cisco's high PE. New investors in the stock want it to climb like it has from the October low. That is unsustainable in the short term. The next quarterly report should help the stock break out of it's trading range. One thing that is required here is Patience! If I were trading the stock which I'm not at the moment I would buy it in the 105 range and sell it at the 118-120 area. The one thing that is getting me more concerned for the market in general is Greenspan's comments this morning. If the Fed raises rates all bets are off. That would create a great buying opportunity for the long run for a lot of stocks! Eric

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