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


To: RetiredNow who wrote (57041)2/5/2002 10:30:39 AM
From: RetiredNow  Read Replies (1) | Respond to of 77397
 
Hi all,

it looks like the markets are retrenching. I thought it wouldn't happen until sometime in April, but in my mind it wouldn't surprise me if it happened earlier than that too, since this economy is still on precarious ground. One other tea leaf factor is the down January month, which presages a down year. Ugh! As such, it wouldn't surprise me to see Cisco down below $15 before April. I'm still looking for that as my entry point for more scalping, so we'll see what happens. Having said all that, we still have the earnings announcement tomorrow which could provide a goodly, albeit temporary, pop in the stock price, if it comes in positive with optimistic fluff about the future to boot. That also might be good for a scalp, if you buy today. Good luck all!