SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?


To: Bill Coenen who wrote (37023)6/3/2000 1:58:00 PM
From: Tony Viola  Read Replies (1) | Respond to of 77400
 
Amen. This thread has become >> 50% "Cisco is going to zero", or responses to same. I found that if you put the annoying (who am I, right?) ones on ignore, sometimes you click on the new number and it never even gets to the thread! Well, it's free and it all helps increase Cisco sales!

Tony

I know, this was a useless post too.



To: Bill Coenen who wrote (37023)6/3/2000 2:49:00 PM
From: username  Read Replies (1) | Respond to of 77400
 
I'd be looking for a top on this move around 69-71. AMAT has been leading the NASDAQ for a few weeks now, so you can look to AMAT for a clue on the short-term top. If CSCO breaks below 48 before it hits 69, I was wrong, wrong, wrong. I don't think MSFT is a negative factor in the tech area, but if it recovers nicely in the next few weeks, it will boost the rest of the sector along with it.

Remember that the fund managers have to show their clients some numbers at the end of June. Watch for some volatility in the next two weeks. If things go north hard and fast, and you get your upside target on CSCO, lighten up and buy it back cheaper. Sell some covered calls if you want to. If you are long for the rest of the year and won't sell, see if the stock breaks below 50, and if it does, buy a few more shares in your long term account. If the stock fails to get back through 50 at that point, I'll come back here and tell everyone that this is still the best stock in the whole wide world.

If you are short CSCO right now, you'll have to consult my associate lawdog for his expert analysis on where to bail out. <G>

Best of luck and good trading to all of you CSCO longs.

Thanks,

eom