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

To: kvkkc1 who wrote (59057)	4/23/2002 3:17:09 PM
From: Jacob Snyder	Respond to of 77400

<<What time frame do you predict CSCO in the 18-20 range?>> Nothing specific. Sometime in 2002. On the next intermediate-term rally, or the one after that. Based on news so far this year, I'm a bit more willing to hold the stock longer, a bit more bullish. After buying the 9/01 dip, I sold all. After buying the 2/02 dip, I sold more than half. After buying the current dip, I will probably start selling at 18, but still be holding more than half my position at 25. With each passing month, we get steadily more data that the fundamentals have bottomed. Not much evidence of the slope of the upturn (and there is always the risk of the W-shaped recession; if I see housing prices collapse, I will go back to selling all my positions aggressively on rallies). I think the risk/reward favors buying CSCO at 15 and lower. I doubt we take out the 9/01 lows on this dip, and I think intermediate-term rallies can get us to 18-20. All just my guesses, from looking at charts, and listening to the news stream. No, I don't know the options strike price. But all the employee option overhang in CSCO, is one of the things that makes me steadily sell the rallies, as I think valuation and share bloat will put a damper on the LT prospects for this stock. I wish they'd quit doing it, or reprice my holdings when the stock goes down, so my interests are aligned with those of employees. JS@secondclassstockholder.pov