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


To: Bicycle who wrote (59491)5/14/2002 10:26:38 AM
From: RetiredNow  Read Replies (1) | Respond to of 77400
 
I don't know who he is, but check out the chart: finance.yahoo.com

From a technical perspective only, you had your first buy signal when the stock price crossed above the 10dma on 5/8. The second signal and first confirmation will be when the 10dma crosses the 20dma, which I think will happen within a week. The 3rd signal and a pretty good confirmation will be when the 10dma crosses the 50dma. Then the final confirmation will be when the 20dma crosses the 50dma, but by then the stock will have already runup on you.

So from a technical perspective, it looks pretty good to me. Disclosure: I don't own any individual shares, although my mutual funds may own some.



To: Bicycle who wrote (59491)5/14/2002 11:40:14 AM
From: andydaoust  Read Replies (1) | Respond to of 77400
 
Bicycle,

Murphy is good at identifying the tech industry trends and how it will effect our lives. He has a tremendous understanding of the tech world. However, he does not time the market well at all. He is a perma bull on tech. In fairness he is a long term guy. In other words, if you followed his advice the last two years, then you have lost a lot of value in your portfolio.

Andy D