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

To: Monty Lenard who wrote (35926)	5/21/2000 7:48:00 PM
From: FuzzFace	Read Replies (2) \| Respond to of 77400

Monty, Gary was indeed drawing a support line not a trend line. It was the same one mentioned in the following TSC article. "It seems like it's not going to bottom," said Tom McManus, equity portfolio strategist at Banc of America Securities. "The blue-chip tech stocks, which had been showing positive relative strength, have been terrible. I don't think a brief look at a few stocks can help you understand the extent of the damage that may have been done." Particularly worrisome to McManus is Cisco's (CSCO:Nasdaq - news - boards) break, on Friday, below its April 14 low. This is a core holding, a stock that investors actually fled to when the tech market first got hit in early March. To see it wipe out more than $180 billion in market capitalization in less than two months is a frightening thing. thestreet.com