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

To: willcousa who wrote (58788)	4/4/2002 1:52:17 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 77400

on topic: Just sold over half my CSCO, at 16.70. These were shares I had bought in February, at 15.5-16.61. So, I sold them at a modest profit. Still holding shares I bought at 14.44 and 15. I don't like the way the Nas can't sustain any move above its 200D moving average. I don't like the way CSCO also seems to be stalling just under its 200DMA. Most of all, I don't like the war news. I've said before that we don't need to be scared of earnings seasons any more, for quality companies. I still think that's true. I expect, going forward, that CSCO will be meeting or beating expectations. The problem is, I think earnings news is going to be overshadowed by continuing macro military/political uncertainties. I've bought a couple of stocks recently, when they were beaten down, and I used margin for this. Today, my CSCO sale gets me off margin. I chose CSCO because it was my largest holding, and because it looks to be stalling.