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

To: The Phoenix who wrote (38932)	8/8/2000 10:41:29 AM
From: Ex-INTCfan	Respond to of 77397

CSCO: Double Top Breakout xocharts.com

To: The Phoenix who wrote (38932)	8/8/2000 12:43:13 PM
From: bambs	Read Replies (4) \| Respond to of 77397

I will most likely end up going long in afterhours as the numbers come out. If the numbers live up to the hype we will see a pop afterhours. Then a gap and fade tomorrow morning. Then a quick turn around followed by a 2-3 day rally that will fail around the $70-72 at best. If the numbers are poor or there is a warning for future quarters I will short afterhours. Most likely they will not warn of any slowing in growth. I expect that they hype the europe/asia growth in the conference call. Looking at risk to reward, I don't think the short makes sense at this level. I don't gamble. I think it's best to see if CSCO fails at $70-72 level and short there. CNBC seems to be hyping a fall rally that should start after CSCO reports earnings. If the numbers are good for CSCO the market could push over 4000 and test that 4200-4400 level. Then who knows what will send us to near term highs or lows. Oct? Election? Dollar? Inflation? Energy Prices? Record earnings all around? Who knows? Best of luck, Bambs P.S. I might take no position and just trade with the follow on Wed.