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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: Steve Lee who wrote (63532)5/8/2002 7:20:15 AM
From: DebtBomb  Respond to of 99280
 
""When CSCO jumps 12% on a revenue miss, combined with lowered revs guidance,""
They're looking for any reason to sell stock.
;-)



To: Steve Lee who wrote (63532)5/8/2002 7:27:38 AM
From: shoreco  Read Replies (1) | Respond to of 99280
 
Steve Lee, I agree the bottom is still in front of us.

All I'm saying is everyone (commentators & "anal"yst) are leaning the same way...

I'm also seeing too many looking to get short the next bounce, (good/bad) I guess we'll find out, but this is usually what fuels and extended bounce (early shorts) and the smart money will get short at the top of the bounce and walk away...

I don't know what indicators you follow, but I see the 60, the daily, and the weeklies are almost in sync again and they are all oversold...

In bear markets, come bear market rallies...

JMO
Shoreco

PS
We'll know right away if this is just another G&C...

Why not gap, and DCB for a couple days just to kill some puts...



To: Steve Lee who wrote (63532)5/8/2002 7:32:18 AM
From: DebtBomb  Respond to of 99280
 
Steve, guy in Europe on CNBC just said they're skeptical of this CSCO rally. Hmmmm.



To: Steve Lee who wrote (63532)5/8/2002 8:42:52 AM
From: Softechie  Respond to of 99280
 
This is clearly showing CRISCO growth is slowing down and with telecom sector in shamble along with tightening IT budget and BK's, they ain't going no where fast.



To: Steve Lee who wrote (63532)5/8/2002 8:57:38 AM
From: Lone Ranger  Respond to of 99280
 
Steve,
Pat Dorsey, I believe an analyst from Morningstar, who is a valuation believer and whose has proven it to me with his comments the last year, said a couple of weeks ago that he thought CSCO, uniquely, was an undervalued tech and should trade about 25. Does this make any sense to you in light of the recent news? Just trying to see both sides as personally, I believe we're going down.