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


To: Jerome who wrote (54093)7/20/2001 12:05:06 AM
From: Ed Forrest  Read Replies (1) | Respond to of 77400
 
J

This is what I'm looking at right now and if they fail to improve it indicates to me that Cisco is going to retest its recent lows, perhaps tomorrow.

You make a good case for Monday being a down day but I'd prefer to get in tomorrow if it’s viable and ride out Monday.

It's a case, for me, of the "bird in the hand" scenario.

Cheers

cme.com



To: Jerome who wrote (54093)7/20/2001 6:44:21 AM
From: RetiredNow  Read Replies (1) | Respond to of 77400
 
That's risky. Anything can happen at the earnings release. What if they announce that they still have no visibility? Even if they hit their reduced estimates, the stock is likely to go down. Since I'm long, I'm holding through earnings and beyond, but if I was daytrading, I'd play the speculation pops and get out before earnings. Or better yet, I'd leave it alone until after earnings, when it settles back down into a predictable range, like the one of the last couple of months from $17-20. Good luck to you anyway!