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

To: ehasfjord who wrote (59631)	5/31/2002 2:01:25 AM
From: Ed Forrest	Respond to of 77397

ON TOPIC... Where is CSCO headed? I tend to agree with bambs but there seems to be upward movement. ehasfjord The 52-week range for Cisco is 11-22. The range for the first 5 months of this year has been 13-21. A .50-point improvement. My reading of that data indicates to me a range bound stock and at best a market performer. Ed

To: ehasfjord who wrote (59631)	5/31/2002 11:12:12 AM
From: Patsy Collins	Read Replies (1) \| Respond to of 77397

On daily chart, CSCO looks like it survived Wednesday's attempt at closing that 5/8 +24% gap! The fact that it didn't push into the gap area is bullish. Stochastics are also correcting now at the 30-45% %K area; also firm. Let's see if it can test and break he 200MA of 16.99 for next few days. On the weekly chart, CSCO is at 63%K, so not overbought as yet. My DeMark Sequential count is 4-0 sell there. A 9-0 sell is a reversal count; so it is possible to have another 5 weeks of upward or moderate downside action before a major reversal on weekly chart. Monthy CSCO chart is the most constructive among the 3 as we have a stochastic crossover 27.24K 20.38D and a hammer for the month of May! But the DeMark count in monthly frame is a bearish 4-0 buy. Conflicting technical signals reflect the difficulty of this current marketplace, indeed! PC

To: ehasfjord who wrote (59631)	5/31/2002 2:35:11 PM
From: RetiredNow	Read Replies (3) \| Respond to of 77397

I'll tell you where Cisco is headed: up! Check out the chart: finance.yahoo.com 20 dma and 10 dma have now both crossed the 50 dma, while the stock price has bounced off the 50 dma, upwards. This means that the stock price is now in a confirmed upward trend. Add to that an improving economic outlook underpinned by very good manufacturing numbers, improved business spending, and steady consumer spending and sentiment, and I think you have a sustained creep upwards ahead of us. I still think $25 by year's end is not out of the question. This last quarter earnings release, we already saw how explosively Cisco's stock can move upwards on good news. When you put a solid economy as a foundation to continued Cisco successes every quarter, you are going to see a steadily rising stock price. That increasing market share that Cisco is racking up is going to pay off big once spending takes on a more normal growth trajectory...and we're only about half a year away from that happening. Good luck longs!