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

To: Monty Lenard who wrote (43777)	11/27/2000 5:08:32 PM
From: chic_hearne	Read Replies (1) \| Respond to of 77400

Hi Monty, I missed the interview but from the looks of what happened he must have blown it. :-) I thought it was a pretty good interview. What the permabulls can't get through their heads is that CSCO is an overvalued POS. Who cares if they make their numbers for the next 3 years? It will still be overvalued even if the stock is still at $50 and the outlook is great. We are in the first inning of the tech wipeout. I finished my NDX calculations. I'm calling for a bottom in the 500-700 range. My CSCO target is $5, although I wouldn't go long even then until I am 100% convinced the market has bottomed. Given the NDX is more focused in overvalued trash than the Naz itself, my guess for a Naz bottom *at this point* is 1000. Things could always deteriorate more than I expect and who knows, maybe we get that depression I don't think is possible. chic