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


To: RetiredNow who wrote (60313)7/15/2002 7:57:22 PM
From: larry  Respond to of 77400
 
mind, You have got a great trading opportunity here and I kind of expect CSCO to go to at least 16 before earning report. However, I am expecting lots of scandals being exposed before August 14th (the deadline before chief embezzlement officers and chief fraud officers sign up 'earnings before I tricked the dumb auditors' sheet). That should put a lid on the top of the rally (might even bring the market down). I don't like Sept and Oct and believe that will be Bush's time of wagging the dog - wars against either Iraq or some kind of terrorism to pick up points in polls and divert attention of investors from internal problems. Ok, good luck but be careful!

I will pick up gold stocks in the following days after expected weakness, and do some quick one day trade on other issues. The time to buy and hold for the long run is not here as of yet.

larry!



To: RetiredNow who wrote (60313)7/15/2002 8:01:48 PM
From: larry  Respond to of 77400
 
mind, One more point I beg to differ. I am not sure that the avg investors have given up hope. Most of my buddies who are survivors in the market cannot wait long enough to plunge back into the market at every single signal of a reversal. I have about a dozen friends who have lost a couple of millions this year but they still are very confident that they can get it back (with the exception of one of them). The only ones doing great are heavily trading gold stocks and REITs. Talk about capitulation.:)

larry