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

To: The Phoenix who wrote (42833)11/7/2000 10:02:35 AM
From: The Phoenix  Read Replies (3) | Respond to of 77400
 
Looks like there's gonna be some sorry folks that got shaken out this morning.... I mean really now. CSCO beats, raises guidance and the stock trades down. I think that is insane.... FWIW CNBC has the inventory story all wrong. Just goes to show you that when the market is net bearish that spin goes net bearish.... as it did when the market was net bullish. The pendulum swings both ways.

OG



To: The Phoenix who wrote (42833)11/7/2000 10:44:11 AM
From: Yogizuna  Read Replies (2) | Respond to of 77400
 
Interesting. I presume you could also draw a falling trend-line on the "two box chart" from 82 to 70, which would present more resistance at the 60 area..... So there certainly seems to be a lot of overhead resistance that CSCO has to punch through to really get the shares firing on all cylinders again..... If it can clear the 61 to 63 area, that would be a very good sign to get the bull market back in gear, or start a new one. Yogi


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