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

To: gc who wrote (76164)	4/29/2001 3:42:42 PM
From: American Spirit	Respond to of 99985

Earnings can change SO quickly during any 2nd half and beyond recovery. And burn rates are way down as well. CSCO is a bit pricey which is why it's no longer a leader. The value isn't there (for certain). That's why it's down 80% and not going up much this month unliem others. Right now it's a longterm buy and a trading stock between maybe 15-20. Why not look at the stocks which have not had earnings reductions? Or those with low PE's and high cash positions vs. market cap. The CSCO types have already had those big earnings drops priced in. Of course if you think CSCO is a dead duck then short it until kingdom come but I think you'll see it's already bottomed and it will be back at $25 by fall. I sold mine at $18 and was glad I did.