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

To: kvkkc1 who wrote (41819)	10/30/2000 4:38:17 PM
From: JRI	Respond to of 77400

You should listen to GV on this one...Luke was just the latest excuse..... look, if Csco/the market had its former confidence, the stock would have shook this guy's regurgitations outright...but we are at a nadir of confidence (earnings outlooks) for the Csco, Naz....Other stocks (Msft, Intel, Nortel, Jdsu) all broke support/got crushed/washed out....maybe today was Csco's day (or not, who knows)... Msft is proof that a stock can sink significantly below technical levels, and pop big IF the (stated) earnings outlook exceeds the worst fears.....now that some slowing is built in Csco's shares; let's see if Chambers can rally the troops next week...based on the interview the other day, shareholders should feel pretty confident that Chambers will give some strong arguments for...I didn't see any hesistation for him, and he seemed to blow-off the "telecom spending slowing" questions I saw... Nice recovery at the end of the day, holding firm (the stock)...Csco held up at the end of day (while other Naz stocks lost ground)....Hell, EMC almost lost as much as Csco (???? Strange)..If Naz holds 3050, and rallies to 3500...Csco should bounce nicely back in 50's (toward 60)....if Naz breaks hard below 3050 (with no intraday recovery)....everything will be in trouble, and its a whole new ballgame...and we'll all have to give Bambs his due... Looks like the future in pretty simple now...3050 vs. 3500.....we'll know real soon which way she breaks...Either way, I don't think we should blame Luke..