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

To: The Phoenix who wrote (11195)	12/23/1997 5:20:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 77400

<<Most of what you've posted is conjecture and opinion>> I thought that was what you asked for: my opinion. afterall, the opinion of the mkt will drive this stock lower or higher depending upon the prevailing sentiment. An opinion is all any of us really have in this business. If it's a fact, it's already priced in. Good luck w/ your opinion, but I must respectfully disagree. Downtrend line is still intact after being touched yesterday, and today's action vilated it intraday at the open but got met w/ a pounding that sent it back below the trendline. Consequently we closed below the trendline and in the lower bollinger band. I look now for a test of the bottom portion of the trend channel. Downtrend line is still intact. I repeat, we'll see 46 before we see 60 w/ out some sort of event. If you're counting on CSCO to preannounce record earnings for the 2nd qtr. Sure, we might see 60, but not much more. I certainly wouldn't go long for a best case scenario of 7 pts in an absolutely perfect scenario. Good luck though! Style- bounce off the 200-day?---probably on pure technicals, but I see it as a relief bounce before we go lower. I think 40 is a fair price for this stock at this point, considering all of the uncertainty surrounding the mkt. That is my maximum target, but if we get news or downgrades, I may revise it lower. All IMHO of course. What about yourself? -Lucretius