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

To: The Phoenix who wrote (35755)	5/18/2000 8:40:00 PM
From: SyncMan	Read Replies (2) \| Respond to of 77400

Re: The market as a whole is still trading in a trading band between 3350 and 3800ish.... so nothing is falling apart... other than our good 'ol Cisco. Sheesh. I have to admit that I'm surprised... but heartened by the fact that it's holding support. what's the AH? There are two ways to look at Cisco (at least) at this point. CSCO is down from 81 or so to 55. Not very pretty. The sky is falling, the sky is falling! Momentum has caught up to us. Look out below! (35 in site?) Lemmings deserve to fall off a cliff. OR: We're still up for the year. We've taken Greenspan, and the MSFT ruling, and the Barron hack, and everything else, and CSCO is still (barely) up YTD. It's incredible. It's probably the most bullish arguement I've heard for CSCO. LU is down 20 for the year. NT is up 6 for the year. MSFT is down 50 for the year. GE is up about 4 for the year. Not too bad, (so far). Of course, the downside of all this is that we don't have the fear to mark a bottom. But maybe we don't need it.

To: The Phoenix who wrote (35755)	5/18/2000 8:43:00 PM
From: Monty Lenard	Read Replies (4) \| Respond to of 77400

Gary, CSCO struggled valiantly but I just do not think it will hold that double bottom. I almost traded it off that support today but the selling was just too heavy. The 200 dsma is just too compelling when one has fallen this hard. Go look at GE. GE was and has been for a long time the darling of wallstreet but when it got moving it did not stop until it hit that average. I just do not believe CSCO will either. Want to see another one getting ready to bite the dust ... go look at INTC chart. I know that they just announced a split but people are finally realizing that instead of 1 piece of paper they will now have 2 pieces of paper. Now am I going to the INTC thread and say anything. NO! Why? Because Ed would be upset if I left the CSCO thread. G Monty