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


To: GVTucker who wrote (41783)10/30/2000 3:07:50 PM
From: Mephisto  Read Replies (1) | Respond to of 77400
 
I'd listen to Chambers b4 I'd pay attention to Luke from Lehman but I believe Chambers is a good CEO and CSCO is a fine company.

I'm especially suspicious of Lehman because they wait until CSCO is in a quiet period b4 they downgrade.



To: GVTucker who wrote (41783)10/30/2000 3:09:37 PM
From: JRI  Respond to of 77400
 
Volume fairly moderate on the Naz today....some technical guys will like the fact (if Naz doesn't collapse end-of-day), that the sell-off was accompanied by lesser volume.....could support a retest scenario....

Also, money is not leaving the market (yet), just rotating into IP, Drugs, etc....that has a way of working itself back to growth...

Having gone up 1,300 pts. in less than 2 weeks, the Dow will be due for a rest soon....whether that money could back to tech, that'll be the question....odds favor some flow in the next week....a retest of 3450-3521 level...