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

To: Greg Strzegowski who wrote (10858)	12/14/1997 11:18:00 AM
From: jach	Read Replies (1) \| Respond to of 77400

<<stock broke its 100 day moving average. Very bad. 200 day moving average is app.70. Soon to break that. Then is should decline another 20-40%.>> charts and trends may not be bad for weather reporting; but not for forecasting high-tech networking stocks' price.

To: Greg Strzegowski who wrote (10858)	12/15/1997 10:17:00 AM
From: Will Young	Read Replies (1) \| Respond to of 77400

Greg, CSCO held very well with IBM and MSFT until very recently (last week). With 3+ times of average volume and 6 points down on Friday, I expect further decline in its price to its 200 day moving average level. Who knows who's selling, but the volume tells everything. It will vibrate for awhile around mid-70s. However, I don't think CSCO will break 70 downward. It should have enough support right there. I'm planning to cover it at that point. If it did break the 70 level, I'll short more shares. It'll be unthinkable but anything could happen on the stock market. CSCO is the best stock I have ever played with and I love it. I'm very confident that it will run again before any of us could recognize it. Now it's just because of the market which murdered the whole tech sector.