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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Kelvin Taylor who wrote (34351)	11/6/2001 10:49:03 PM
From: DanZ	Read Replies (2) \| Respond to of 53068

Kelvin, My only opinion on Cisco fundamentally is that it is difficult to trade stocks based on past earnings. The market is looking ahead to next year, and with rates as low as they are, I think that the market is just now starting to discount a recovery in the economy. Chart-wise I think that CSCO is a buy with a short term target in the low 20s. Buying the dips is the thing to do again, in my opinion. CSCO should have support near 17 if the short term trend remains intact. Hui: I agree that it might be prudent to overweight in retailers and other economically sensitive securities for the short term. I like IBI quite a bit, for more reasons than the stock trend. lol I think that the Nasdaq will have some resistance at about 1875 and then 2250 to 2300. There are still some good buys in the technology sector and the trend appears to have turned up. It will be interesting to see how the market reacts to QCOM's earnings. The stock was down about 4 points in the evening session but the S&P futures closed with a premium of only -1.06 against a fair value of 1.38. The futures aren't predicting a large widespread decline in the market although obviously that can change in a heartbeat.