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

To: chic_hearne who wrote (45423)	12/27/2000 12:25:44 PM
From: Peppe	Read Replies (1) \| Respond to of 77400

Chic, It's tough to call on these low volume days, but I'll be looking for one of 2 things at the close today. Anything below $40 is very bearish, with a fall back to $36 unevitable. I'll sell at that point. Over $42 is bullish and I'll ride my position to at least $45. Cheers, peppe

To: chic_hearne who wrote (45423)	12/27/2000 1:51:13 PM
From: Yaacov	Respond to of 77400

Chic, I fully agree with you. I also believe CSCO will test mid 3o's before it picks-up again! We have almost a months and a half to CSCO to the end of Q and that is a long time! Unless AG cuts by 0.25 or better!

To: chic_hearne who wrote (45423)	12/27/2000 3:38:07 PM
From: The Phoenix	Read Replies (1) \| Respond to of 77400

Chic, I think over the past 6-8 months your point would be well taken. All the macro issues (increasing interest rates, high oil prices, slowing economy, concerns regarding capex spending, etc.) have had a material effect on equities. The impact is pretty clear - especially in the tech sector. So, now the question you have to ask yourself is - is there more bad news coming that isn't already dialed in and accounted for in stock prices. Or, are we near a bottom in the sense that the same macro forces that pushed equities down are reversing in the form of lower interest rates, lower oil prices, higher capex than previously thought, and given this an improved outlook for the overall economy? The market usually is a leading indicator to these changes. So, while you see no catalyst to drive share prices up I happen to see few things on the horizon that will push share prices signficantly further down. And this is the fundamental question you have to ask yourself.... are their more bad news items on the horizon that will further deflate equity prices (given the 38% hit the NAZ took in 2000) or is it more likely that prices will stablize or even increase next year? Yes, we may test the mid-30's again but if you plan on holding beyond that you're investing days could come to an abrupt halt. I hope that you're not borrowing to finance your position... OG