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


To: The Phoenix who wrote (42693)11/6/2000 8:59:11 PM
From: Rob S.  Respond to of 77400
 
I'll have to listen to the cc. Yes, the revenue number is more important than the earnings because it lends support to the notion that unexpected growth is possible. Maybe enough of the irrational exuberance is off this sector to allow it to move up to challenge the resistance levels once more. I think more confirmation of growth will be needed before the telecom sector stocks can move to new highs. But that leaves a lot of ground to make up. I think a lot of these stocks got to "pig" status but are again buys at this level. I would keep a close watch on the charts after they stage a recovery - a retest of this level is very possible in the coming months.