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


To: Jimbo who wrote (33621)4/11/2000 7:39:00 PM
From: Eric  Read Replies (1) | Respond to of 77398
 
Jimbo

We keep seeing selling in the tech sector and as long as we keep having earnings shortfalls I think we will keep coming down.

Short term the Naz is way oversold and I'm hoping for a rebound but it hasn't happened yet. So we will get more slow bleeding. The technicals you mention I would have to agree with. I just don't see a turnaround any time soon. If the economy would slow down then I could see the Naz turn around but it isn't happening.

A lot of my friends keep asking me about Cisco. I continue to say that they are doing great. The problem is the market not Cisco. Earnings coming out May 9th look pretty solid to me and that should help the stock disconnect from the Naz and resume it's upward climb.

I wish the Naz wasn't going lower but everything I see says it will. I'm looking for bargains in the next few weeks.

Eric