Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: besttrader who wrote (21387)	5/8/2001 4:28:51 PM
From: ColtonGang	Read Replies (1) \| Respond to of 37746

Art Cashin, UBS PaineWebber Bullish traders wanted CSCO to report disappointing earnings so the market could disregard it, thereby demonstrating lack of reaction to bad news. Two days above 10,800 could set up for a major rally. New money needs to come in to get above 11,000. Between 2200-2300 is the concrete ceiling for the NASDAQ. Economic data show signs of stabilization, which has supported the rally so far. The Fed is watching for the Univ. of Michigan consumer confidence survey on Friday to tell them whether the consumer is in a mood to pull back.

To: besttrader who wrote (21387)	5/8/2001 4:35:48 PM
From: American Spirit	Read Replies (1) \| Respond to of 37746

CSCO earnings being viewed a lot more positively than this board sees them. Apparently they narrowly beat lowered estimates. I see they made a few hundred mill profit and revenues only dipped a few percent from last year. This is in line with other tech reports lately and we know they are in a sector that has maximum exposure to the net. They have some inventory problems unlike AAPL for instance but otherwise it's a "so what?" report. Now that this is out of the way the next big news is the Fed cut. And maybe more Fed cuts after this next one.