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


To: jim bender who wrote (54316)8/6/2001 8:38:06 PM
From: Jerome  Read Replies (3) | Respond to of 77400
 
Looking at todays action on CSCO.....

1)37 million shares traded......thats the lowest amount since the 3rd of July. If there was a panic about CSCO and the earnings 100 Million share day would be in order.

2) Tomorrow we see a short term head fake.... INTC and CSCO open flat then head down and recover toward the end of the day.

3) The last time so attention was focused on one company was when INTC reported.Nice rally in the following days.

4) Short term trading of CSCO, ORCL, SUNW, INTC and others, relies more on focusing on public opinion than it does on FA or TA. But public opinion is like wading across quicksand. Do it quickly and have a plan B.

5) I think its a waste of time to apply long term analysis to short term trends.

I never owned CSCO until it hit $15.00 a share a few months back. For the near term I'm doing short term trading on CSCO, SUNW ansd ORCL. Thus far its been a great two months. Let the TV talking heads do the fancy number crunching, and spout off on some tangible theory of why CSCO should go up or down, just pay attention to this board and you will have the rent money covered.

Regards, Jerome

Note: Why is it that so many posters are reluctant to make short term predictions about the price action of a stock? if you go to the AMAT thread a majority of the posters are predicting AMAT + a 100 two years from now, but they will not make a simple prediction about the price of AMAT two months from now. Could be be that they have such impecable credentials that they do not want to risk a bit of tarnish?