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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?


To: Martin Atogho who wrote (29049)11/5/1999 7:28:00 AM
From: Steve  Read Replies (5) | Respond to of 77400
 
RELATIVE STRENGTH: CSCO, LU, NT...... WHY?

I have held all of my original CSCO shares that I bot in 1992 with no complaints, obviously!

I ,also, now own shares of LU and NT. I am disturbed to see CSCO dropping off here as the NAZ hits consecutive highs.
In addition, LU and NT are outpacing CSCO on a relative strength basis in recent weeks.

Technically, I have 2 concerns:
CSCO has ended it's last 2 trading days near or at the bottom of the day's range despite the enthusiasm of another Nazdaq record finish.
Additionally, the volume has increased the last 2 days as it is selling off. Not what you want to see.

We have very strong support at the $66 level. I hope we do not breach 66 or I am VERY concerned.

I'd be very grateful to anyone who could explain the recent weakness in CSCO at a time when others in it's sector (ie LU, NT, TLAB) are rising as well as the index as a whole.

Thank You!
Steve



To: Martin Atogho who wrote (29049)11/5/1999 12:38:00 PM
From: Steve Lee  Respond to of 77400
 
>>UF, I think you mean $500bn, no?

UF is talking about revenue in 3-4 years. Their market cap could be in Trillion by then, imo.

SL