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


To: Yogizuna who wrote (39611)8/18/2000 9:46:55 AM
From: t2  Read Replies (1) | Respond to of 77400
 
Possible bottom signal on my system for CSCO last night. This is getting interesting

I don't use technical analysis myself but I get the same feeling. Still think the big options trades before earnings are working their way through this stock.
That is also why I think this stock rockets Monday. It is unusual to be able to hold down a stock like Cisco in relation to options expiration event but I think this time the big options trades have done.

One of the two things can happen (IMHO), we rally big today or we rally big Monday. I don't see a third possibility. If it remains low by the day end, I would think it is the time to buy.

The type of trading that has been going on in the stock tells me it is options related. The other Nasdaq big cap, Microsoft, is down for other reasons--it has lots of issues--but Cisco has none of these problems and that is my bulllish case.



To: Yogizuna who wrote (39611)8/18/2000 11:11:50 AM
From: RetiredNow  Read Replies (1) | Respond to of 77400
 
No doubt. This is a coiled spring. I wonder if it will break out to the upside one last time before the fall doldrums. Hmmm.



To: Yogizuna who wrote (39611)8/18/2000 9:53:25 PM
From: Ron  Read Replies (2) | Respond to of 77400
 
Interesting report by David Faber on CNBC mid afternoon that NTOP and CSCO are expected to soon announce formation of a new company that will manufacture and sell Internet telephone gateways. NTOP would provide the technology and CSCO would manufacture. Faber said it is expected to be a serious competitor in the internet phone gateway area.
cnbc.com