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


To: mary_a who wrote (59688)6/6/2002 5:07:08 PM
From: larry  Read Replies (1) | Respond to of 77398
 
Mary,

Even without INTC, I think that the chance of the gaps (on CSCO) getting totally filled is high. Look at NAZ and S&P in the last 6 months, all the short term gaps are filled easily. Now we should work toward the gaps that left unfilled 10 months ago.

However, I think a buying QQQ at NAZ 1450-1480 is doable for a quick trade for NAZ to pop back to 1600. Then it's time to sell and consider buying the next bunch at NAZ 1380-1400. These are just my quick trade ideas. Long term or mid term, it just looks bad for the market and I won't hold stocks (with the exception of gold stocks) for long term investment. How long can the Fed and the banks keep the US market artificially inflated before they run into serious inflation problems?

larry!