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


To: bambs who wrote (44070)12/4/2000 10:08:01 AM
From: chic_hearne  Respond to of 77400
 
what do you think the odds are that a lowered guidance on csco results from this analyst meeting?...I think pretty damn good.

You're dreaming Bambs. The guidance will be great, but much like earnings a month ago, it ain't gonna save the stock. As denial money turns into smart money, every bounce has a new wave of smart money looking to get out. If I were new smart money in Crisco, I'd be looking to sell when I thought there would be a bounce, like after this meeting. The smart money (selling) is clearly overwhelming the dumb money (buying). Basically, no matter what they say the stock goes down, the big game is already over. Another test of $45 today?