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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: goldie who wrote (22678)	8/10/1999 12:09:00 PM
From: Clint E.	Read Replies (2) \| Respond to of 69326

Hi Goldie. You know how I feel about playing earnings. They had an excellent CC last qtr. This should be a weak qtr. for them in terms of hardware sales(seasonality) but analysts have already taken that into acct. Telecom services and equipment stocks are not doing well these days so CSCO is being pressured even more. It is more of a market call at this point, and not earnings call. If you want to play CSCO in a less risky manner, buy some QQQ in the afternoon. Market-wise, we haven't seen any shake out below support. The market is deeply oversold and near long-term support in the case of the SPX so I expect it to come back, Clint