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


To: RetiredNow who wrote (52521)5/8/2001 5:52:28 PM
From: Charles Tutt  Respond to of 77397
 
I hope you're right, because I just jumped in after hours.

Charles Tutt (TM)



To: RetiredNow who wrote (52521)5/8/2001 7:00:16 PM
From: t2  Read Replies (2) | Respond to of 77397
 
No doubt about it. I think the shorts will start screaming louder as time passes and Cisco's stock starts meandering upwards. It's only natural that they will continue to claim Cisco's imminent demise as they lose more and more money.

I don't believe the stock is going to be sold on this earnings report. If business is going to bottom out in the next quarter or two, the stock will move ahead of that. Why sell now if one has been buying recently knowing that the report was going to be bad.

It always becomes a race to buy the stock ahead of the actual rebound. Given that the stock should be higher by year end--assuming people buying it 6 months ahead of a turnaround, mutual funds are not going to be picking one specific day or week to add the shares to their portfolios.
Year end is the time they will want to show Cisco as a holding in their portfolios; therefore, buying Cisco from now to December as long as it goes higher will look like a pretty good move.
Basically, i see it as a outperformer in the market.