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


To: Eric who wrote (10780)12/12/1997 1:42:00 PM
From: Will Young  Read Replies (2) | Respond to of 77400
 
I wasn't that smart to sell at 90, but I did short 200 shares at 85. A small profit during this down turn. Not too bad.
Relax it will be back again. CSCO is a very good and strong stock. It'll be back any time. But we just don't know when. Does anybody know where is it's support?



To: Eric who wrote (10780)12/12/1997 2:56:00 PM
From: TechAlive  Read Replies (1) | Respond to of 77400
 
It took a while, but ...

It looks like the bears are digging their claws into this bull too.
No fundamental weakness in most high-tech companies, certainly not
CSCO. General market selloff due to diminished demand for products
from Southeast Asia. The catch is though that in order for those
economies to recover and compete, they are going to require more and
more technology. Its probably going to be 3-6mos before they get
their financial house in order and start buying foreign technology
again so they can grow.

Tony.