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Technology Stocks : Cisco -- Ignore unavailable to you. Want to Upgrade?

To: The Phoenix who wrote (25)	5/10/2000 2:07:00 PM
From: Curtis E. Bemis	Respond to of 405

Only trouble with TA is that it is not a good predictor of the future. For example, would TA have predicted the Bear-ons article and the result ?? Interesting, none-the-less, but sad. I shall not even be tempted ;-))

To: The Phoenix who wrote (25)	5/10/2000 2:18:00 PM
From: mwj6	Read Replies (2) \| Respond to of 405

CSCO downgraded for technical reasons. I wonder if this changes if there is an afternoon rally. Furthermore I guess we can assume every other tech stock fell into this same category... or can we? this is a very short term indicator. I think using it "protects" you against downside to maybe $50. A long term investor should use something like a Point & Figure trend line...right now, based on that I don't get concerned until CSCO violates it at $50. You know, when I started investing in CSCO, the P/E actually made sense. It hasn't made sense for a while over the last couple years. When I got into investing, identifying a stock that could return 30% per year to me was finding a frickin' gold mine. CSCO has delivered far over that -- I couldn't ask for better. So maybe we got ahead of ourselves. When it is all said and done, if there hasn't been a fundamental change for the worse in the company's actual business, this company will reward us down the road. cheers, /matt