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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: gfs_1999 who wrote (73150)	3/23/2001 12:49:32 PM
From: el paradisio	Read Replies (1) \| Respond to of 99985

Not only with CSCO...SOX as I expected yesterday, made a top this morning at 645-650 and went south. Look at the action of PMCS and VTSS....very negative, MU double top.... Bobby B wave down is still not excluded....Doug's D.B....may bottom somewhere else....<g> Many doji stars around...telling me, that reversal is still possible. Bull flags may transform to the broken supports.... Regards, el

To: gfs_1999 who wrote (73150)	3/23/2001 5:30:28 PM
From: jmootx	Read Replies (1) \| Respond to of 99985

CSCO here is the problem: Just some speculation CSCO took a long gamble on the roll up strategy. This has always failed in the long run. Barrons called it first. I know of someone at CSCO who worked for Geotel Comm (GEOC) and was purchased by CSCO in June of 1999. Got a ton of options. Thought Chambers was God. But as I warned him in Jan. of 2000, the company can not continue 90% yr/yr returns in the stock on average since 1990. At that time CSCO was close to 500 billion in mkt cap. Remember CSCO would pay any price for a company--Bubblemania. About 1/3-1/2 of CSCO is the result of roll ups, now the dream is gone and options going underwater by the day. The evidence then is a run on the stock at any price if the option has any value. Plus this individual use to say that the company would put a hold on business in the last month of the quarter once the one cent number was reached, usually 2-3 weeks before the quarter end. So this may be a sign that business stinks---of course just speculating. But those buyouts at any price, once a gem are in my opinion going to really hurt now that the company is laying people off by the thousands and pissed off individuals are going to the bank.