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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (47527)	8/2/2000 3:06:56 PM
From: J.B.C.	Read Replies (1) \| Respond to of 63513

H'mm, I can't say that I've ever personally seen this before ( < 2 year piffer): SNDK negated a triple bottom break and reversal to a column of o's this morning and a print of 59 by turning back up and printing a 65. Just musing out loud. Jim

To: Jorj X Mckie who wrote (47527)	8/2/2000 4:27:24 PM
From: John Pitera	Read Replies (1) \| Respond to of 63513

that would take some time, a 2001 event for a trough in the economy. B.C musings ------15:52 ET ****** Cisco Systems (CSCO) 62 -1 3/16: Has Cisco lost its status as THE technology stock? While there are many who would argue no, the stock's recent performance is reminscient of the way Dell (DELL) traded nearly two years ago when it was on the verge of relinquishing its status as a/the sector leader... Though all indications are that CSCO will report another very strong quarter when it releases results next week (8/8), the stock remains stuck in neutral - where it's been for the past five months... Five months of going nowhere (actually down 24% from its March high) may not seem like long to steel, tobacco, retail and/or machinery investors, but to holders of CSCO its an eternity... And in this analysts opinion it is also cause for concern... The problem CSCO faces is similar to the one DELL faced - the company can't grow by 45%-50% forever - as it has over the past four quarters.... Growth will slow... Maybe only to 30%... While 30% is still impressive, it ain't 45%-50%... And CSCO trades at the premium it does because of its superior growth rate... As that rate of growth slows, investors will begin to adjust their thinking about how high a price they'll pay for that growth... At present, CSCO trades at 117x estimated FY00 earnings of $0.53 and 89x projected FY01 results of $0.70... Those multiples leave no room for disappointment, real or perceived... No question, CSCO continues to do an excellent job of executing its business plan... However, with competition intensifying and valuations pricing in perfection, can CSCO remain THE sector leader as its growth begins to slow? Probably not. - Robert Walberg, Briefing.com---