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

To: fred woodall who wrote (51066)	4/4/2001 1:00:49 PM
From: Yogizuna	Respond to of 77397

CSCO volume way above average today, which may be significant if the stock can close positive, indicating a solid bottom could finally be in place.

To: fred woodall who wrote (51066)	4/4/2001 4:38:37 PM
From: fred woodall	Read Replies (2) \| Respond to of 77397

CSCO is trading at 4 times trailing sales, down from 37 times a year ago. Fact is on a price-to-sales basis, CSCO shares haven't been this cheap since the company went public in the Fall of 90'. So is it a buy? Smart money doesn't really care about a bottom. Buying on confirmation of a bottom tends to satisfy money management issues to a higher degree. That being said and considering the volume spikes on daily at these levels I would be surprised to see it down another 20% but then again we haven’t had the luxury of experiencing such a bear market environment for comparison. Over valued, valued then undervalued seems to be the criteria for buying.