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Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?


To: the options strategist who wrote (2433)10/29/2000 5:40:47 PM
From: kha vu  Read Replies (1) | Respond to of 8925
 
CSCO: all you want to know about CSCO
moneycentral.msn.com
<<<Catching the Cisco Express
The problem with buying stock of the leading networker has been its high price relative to its near-term prospects. A single news release changed all that, though.
>>>>
moneycentral.msn.com



To: the options strategist who wrote (2433)10/29/2000 10:48:27 PM
From: Teresa Lo  Read Replies (3) | Respond to of 8925
 
CSCO: Technical Comments and Charts:

I cleaned up the CSCO chart and here's the scoop. On the daily chart, it is inside a trading range. Given Friday's action, and the failure at the 20-day EMA, the highest probability move here is a test of the recent low at just under 50. If it tests the October 11 low, makes a marginal new low, and begins to bounce (2B test of bottom) then there might be a spot to buy it: ispeculator.com

More on 1-2-3: ispeculator.com

IF CSCO goes back to test the low and cannot hold, THEN the most likely scenario is what I've put on the weekly chart, a failing bounce and down it goes: ispeculator.com

Teresa