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


To: Eski who wrote (32249)2/11/2000 2:11:00 PM
From: The Phoenix  Read Replies (1) | Respond to of 77400
 
Eski,

Didn't mean to tweak you out. Just looking at the chart guy...that along with all the jawboning by the analysts saying $165, $200, this is going to a trillion....makes me think that this is still under accumultation. Yes, I agree the stock is "hot". But I've been long 6 years and I've watched this think shoot up...base....shoot up....base....shoot up....base....with very few major blips...like...two that I can think of. So, is $450B heady - yes. But this thing does just keep going...

So... here we are.... basing. Could it go lower than 120 - yes!! But looking at that chart there is extremely solid support begining around 114ish down to 100. If it goes down that low I'll buy more.

OG