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


To: GVTucker who wrote (55911)10/11/2001 5:29:30 PM
From: RetiredNow  Respond to of 77400
 
Hi all, I think we've seen the inflection point. I'm not just saying that because the stock market has done well in the last 8 days. I'm saying that because some important companies are coming out and reaffirming their strength: CSCO, JNPR, INTC, and DELL, to name a few. I think within the next 9 months it will be clear that a recovery is under way. The market is already starting to look out that far.

For those who think that $16 is a hard barrier to break through, take a look at JNPR. They beat their reduced estimates and have surged from $16 to $20 in afterhours. If Cisco beats their lowered estimates, then you can expect $16 to be the new support instead of the upper resistance. JMHO.



To: GVTucker who wrote (55911)10/11/2001 5:55:42 PM
From: Eric  Read Replies (2) | Respond to of 77400
 
GV

I agree that it could go lower but with the Fed and especially Congress getting on board here so early I'm looking for a turn by sometime next spring. In the downturns in the last 30 years I've never seen the Government dip into the pot so fast.

Congress doesn't want things to go bad! I'm actually surprised how both sides have gotten on board so quickly this time.