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

To: TechTrader42 who wrote (49438)	2/27/2001 4:47:09 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 77400

The stock is in a waterfall, a downward plunge as the market does a fundamental re-assessment of the company. There is no visible support now, we just have to wait until we see the stock bouncing somewhere on huge volume, and then bouncing at the same point a month or two later. If this stock goes into the teens, it might be an excellent short-term trading stock. There are still lots of people out there who think this is the best company in the best industry on the planet. And, every day, there are more and more people who think Cisco is going to be missing earnings targets, and piling up inventory, until at least 2002. The struggle between those two camps should make for some huge volatility. There is a huge amount of scared money on the sidelines. Someday, it will go back into stocks, and CSCO is on everyone's list of "quality techs." But, for the moment, the bears are winning.