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

To: The Band Leader who wrote (32247)	2/11/2000 1:49:00 PM
From: The Phoenix	Respond to of 77400

Band Leader, Congratulations on your paper gain... If you look at the charts this is a very healthy and neccessary pull back. Support is indeed a long way down and it'd be great to see CSCO pull back to the 120-130 range. At that point I'd watch my short position carefully. The fact is this company keeps performing and although it may be overpriced by tradional methods of analysis the analysts and money managers love this stock and the way the company consistently preforms without surprise. Again, you picked a good time to make a buck on the short position but watch it carfully - don't expect to see CSCO fall hard since it very rarely does... fwiw: most of the longs here have been here a while with cost bases in the 10's, 20's and 30's.. selling and attempting to buy back at bottom is just more trouble than it's worth. OG