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Technology Stocks : Jimbo's Playhouse/CPQ -- Ignore unavailable to you. Want to Upgrade?

To: Kenya AA who wrote (2307)	6/21/1999 12:02:00 PM
From: Night Writer	Respond to of 12662

U.S. TRADING SUMMARY: Stocks were mixed Monday morning with little fresh news to guide the market. "You have positive breadth here and I think we are going to be okay," said Larry Wachtel, market analyst at Prudential Securities. At 10:45 a.m. ET, the Dow Jones industrial average was off 26 points at 10,830. The Nasdaq composite index gained 29 points to 2592, while the S&P 500 was off fractionally at 1343. Stocks could be getting ready to move higher, with a run-up possible around the time of the Federal Open Market Committee's June 29-30 meeting, Donaldson Lufkin & Jenrette Chief Investment Officer Thomas Galvin said. Galvin cited low inflation and a gain in the utility sector as bullish factors. With investors having factored in a single, quarter-point increase in the federal funds rate at next week's FOMC meeting, attention is likely to turn to earnings reports this week. The 30-year Treasury was off 18/32 to yield 6.02%.

To: Kenya AA who wrote (2307)	6/21/1999 2:02:00 PM
From: fooledalot	Read Replies (1) \| Respond to of 12662

K, I bought CSCO last week at 116 so your interest Friday and call this morning regarding a b/o has me intrigued. In almost an identical trade several weeks ago, CSCO bounced off of 122 for the second time to that point, I believe, so I have been concerned about resistance at 121/122. Since volume is a big indicator and we are at about the daily average so far today, it should exceed the "20% over" threshold today with a strong price gain. Not wanting to get slaughtered, I have been tempted to take profits, but there does seem to be life in the stock, and just as important, the market sector, in general. But then, there is always the threat of the post-split blues (profit taking). Do you have any late game advice?? Thanks. f