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

To: Eski who wrote (41859)	10/30/2000 8:41:13 PM
From: Monty Lenard	Respond to of 77400

How often have we seen dueling analyst opinions? Eski, the times I have seen this is when one crook beat the other crook to the punch. The crook that got beat will upgrade so he can get his people out then join the other crook. :-) Monty

To: Eski who wrote (41859)	10/30/2000 8:42:27 PM
From: t2	Respond to of 77400

Eski, Cisco fell on a Lehman Brothers report that said the maker of routers could be hurt by slowed spending by telecom companies. I prefer to short news movers when the negative news comes directly from the companies. How often have we seen dueling analyst opinions? But when a company runs up the white flag, you can have more confidence in the bearish fundamental outlook. That was interesting article by Loren Fleckenstein that you posted. It shows me that the stock won't go down unless the company itself tells analysts to reduce the growth forecast. It is a sign of a bottom for Cisco. Only if Cisco screws up can you get a shorting opportunity. IMHO, people are better off covering their shorts in Cisco. The upside in short positions is not that high. It may be a sign that Cisco is about to rally into earnings. If one is confident of Cisco is headed lower in the intermediate term, it is probably better to initiate a short position ahead of earnings again. I doubt it will go down in the near term---ie. ahead of earnings.