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


To: Mooster who wrote (33710)4/13/2000 12:59:00 PM
From: Uncle Frank  Read Replies (1) | Respond to of 77400
 
>> This doesn't seem good. Any news I missed?

None that I've seen, Mooster. Just a little Brownian Motion at work.

uf



To: Mooster who wrote (33710)4/13/2000 1:12:00 PM
From: Howard Feinstein  Read Replies (1) | Respond to of 77400
 
Moosterosky, just one that you missed, and it's probably weighing on CSCO since yesterday! The WSJ one that talked about valuation! It appears that Wall Street has now decided that maybe CSCO is, indeed, a little overpriced. Hey all comes down to sentiment, and as of now CSCO has lost a bit of it's "darling" status on the street. Don't fret, however, because I believe it won't take them too long to be very much loved again, maybe next month after they report earnings. Wall Street has become like a "board game" and it's now called "Who Do We Love"! LOL.....Just look at AMD to see what I mean. For 15 years they couldn't get a look from investors, but now everybody loves 'em! CSCO could use a bit of a breather anyhow! They'll be back!! OMHO

Howie




To: Mooster who wrote (33710)4/13/2000 2:40:00 PM
From: Eric  Read Replies (1) | Respond to of 77400
 
Stock is still under distribution but the sell off is starting to lighten up.

Today may be the bottom. Looking at the trade blocks go by the selling by mutual funds seems to be drying up but the small investor is still net selling. With the Naz quieting down I would think we are near the short term low. The next day should tell us if we have leveled out. As soon as the volume drops below about 50 million shares a day we should start to base build and then go higher.

There has been a lot of damage in the Naz that will take some time to repair. I don't look for Cisco to start resuming it's climb until earnings come out on May 9th. That will buttress the stock and we should start getting upward moves again. A number of techs have already turned. In my book that is a good sign.

JMHO!

Eric