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

To: Stock Farmer who wrote (51292)	4/11/2001 10:53:42 PM
From: t2	Read Replies (1) \| Respond to of 77400

I would caution before too much glee that the dow failed to confirm, and majority of "rallies" have been essentially gaps at the open. I doubt the Dow will go anywhere fast. It just won't sink thanks to its technology components. I would bet on a major shift from the old economy to the tech sector. If momentum develops, it may be hard to hard----very similiar to how it was on the way up and then on the way down. I am not predicting new highs but rallies that take the Nasdaq much higher than current levels and much faster than people expect. The investor sentiment towards Cisco seems to have shifted. No one really cares about the current quarter---they are looking beyond the valley. Cisco has been busy with new product launches as well. -------------- There are just too many mutual funds with large cash positions and the biggest tech investors like Janus Fund had cut back their tech weighting significantly while Fidelity Magelllan was already light on tech. Add the fact that the Naz is now heavily shorted. Add that many retail traders have got into shorting mania. Add that margin debt is low. Analyst that says semi are in such bad shape that he upgrades them.<g> Makes for a very very bullish case for the techs. I am still glad there are skeptics out there.