Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: RetiredNow who wrote (59862)	6/17/2002 4:48:05 PM
From: puborectalis	Respond to of 77400

Feels different..........after all 6 months from now we could see improved tech sector.

To: RetiredNow who wrote (59862)	6/18/2002 12:17:49 AM
From: ehasfjord	Respond to of 77400

I think so, at least regarding CSCO. It still shows a downward pattern and at a P/E of 104, or there abouts, it is still one expensive stock! On the other hand, it does have earnings. Still waiting for lower price per share. Take Care, and Best Wishes!

To: RetiredNow who wrote (59862)	6/18/2002 2:31:13 PM
From: larry	Read Replies (2) \| Respond to of 77400

Hi mind, Very likely. The best hope we can have is that this is an intermediate term floor (3-6 months). However, I am betting on S&P taking out 944 and test the next support at 880-900 within the next 8 weeks. And also pay attention to how EURO takes out the strong resistance against dollar at 0.95. It has made a pretty convincing push this afternoon after it failed badly on its first test last Friday morning. After that, it's blue sky all the way to 1, the major psychological resistance. At that point, the Fed probably will put on a vain fight. IF ORCL can say great things about the near term future (doubt it), plus the rumored MSFT upward preannoucement, it might push NAZ toward 1650 in the short term. I am totally out the QQQ right now. Besides 60% stocks in my 401k, I hold 8% of my trading account in gold related stocks. good luck, larry!