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


To: Yaacov who wrote (45829)1/3/2001 11:06:05 AM
From: Stock Farmer  Read Replies (2) | Respond to of 77400
 
Not a problem yaacov. I sense your pain & frustration.

I am studying CSCO and have been for about 5 years as an icon of the "new economy". I still think that we won't put a bottom in until the die-hard bulls give up and take gains.

That was what yesterday was all about. Deferring taxes for a year by taking capital gains at the beginning rather than at the end. Same kind of volume trend in previous years - only this time no buyers showed up and it was very bad.

I suspect a partial correction, some settling, and then the bear to resume the grind. We might even be in for a bear rally which might look like the run of the bulls again. Strap on your seat-belt. Bear markets are terrible places for "investing".

John.