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


To: SouthFloridaGuy who wrote (33635)4/12/2000 1:51:00 PM
From: lawdog  Read Replies (1) | Respond to of 77397
 
I would agree, but on the + side of the 45. If CSCO falls below 45, who knows how far she could go. The low volume of posts on SI today makes one wonder. Never seen it like this before. There is virtually ZERO bullish sentiment on SI. No chest beating whatsoever. Technicals look VERY VERY BAD. Few techs are even remotley compelling as buys right now. Combined with valuations that could make Buffet cry. Things could get very ugly indeed. If earnings can't save the NAS, what will?

Still playing for the bounce, which may not come this time. Small bet through April options expiry. Other than that, shorting the techs and going long cyclicals.



To: SouthFloridaGuy who wrote (33635)4/12/2000 2:00:00 PM
From: Mark Duper  Read Replies (1) | Respond to of 77397
 
did you hear that guys. Stock Operator says were going to 45. Everyone better hurry and sell.