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

To: Gregory who wrote (29061)11/5/1999 11:29:00 AM
From: Gerald Walls  Read Replies (1) | Respond to of 77400
 
According to this advice, the IBM is a screaming buy. It is below 50,100, and 200

His advice presumes that the stock's movement is technical in nature and is not being driven by changing fundamentals. In Cisco's case there's no sign that the growth of its market is tapering off. They just need to continue to execute. If you believe that they no longer will, then you wouldn't want the stock anywhere near this price.



To: Gregory who wrote (29061)11/5/1999 2:15:00 PM
From: Road Walker  Read Replies (1) | Respond to of 77400
 
Gregory,

My advice was for CISCO, not IBM. CSCO usually bounces from it's 50 DMA, almost always bounces from it's 100 DMA, and never has stayed below it's 200 DMA for very long.

This advice only applies to CSCO.

John


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