SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?


To: SouthFloridaGuy who wrote (50130)3/17/2001 7:00:09 PM
From: Mark The Trader  Read Replies (2) | Respond to of 77397
 
Yea Ok and I am also educated and worked for an investment management company for 6 years, and I now trade for a living, so that must give a little weight to my view point also. I do not totally disagree with your market outlook in summary; just your price target for the stock is a bit unrealistic. To many damm splits , to many shares outstanding, still a large market cap for this type of market but $ 2.50 a share ??
Towards the middle of April we will see how funds reacted during the first quarter. If a fund has not made a liquidation at this point they really missed the boat.
How much more shorting will hedge funds do at this point in the near future?? CSCO at 82 with a market cap larger then GE was ridiculous, however CSCO is still considered a "growth company" and at these levels it will probably get price support and buying interest or at the least some short covering.
Because I Day Trade I tend to think very short term.
If I hear CNBC say Capitulation one more time I am throwing a brick at the TV.