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


To: Ed Forrest who wrote (56499)12/20/2001 8:14:43 PM
From: RetiredNow  Read Replies (3) | Respond to of 77400
 
Hi all,

just a thought. The earnings warning season is upon us. In the next month and a half we'll see the parade going by and it will be fairly bad as the brunt of a crappy quarter gets displayed for everyone to see. Therefore, investors will get scared out of stocks and our thread bears will be out in full force. So for longs and for daytraders looking to make some bucks, this month looks to me like it might be a good opportunity. I personally am watching to see if Cisco dips back below $13. If it does, which I don't think it will, I will buy handfuls again. I still believe that fundamentally Cisco is only worth about $8 a share. However, I think Cisco is eating all their competitors lunch. So in a period when most markets are shrinking, Cisco will be able to offset some of that with market share gains. That in turn will make it likely that they will meet their estimates for this quarter. If they do, then I bet we'll see above $20 again in short order. So I believe I'll be able to make at least 50% on my money in a month or two if Cisco dips below $13. These are all just wild-ass guesses based on my considerable gut, so do your own research before you make any decisions. Anyway, good luck all. The next month will be interesting.