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: The Phoenix who wrote (11391)	1/7/1998 5:13:00 PM
From: Gerald Walls	Respond to of 77400

IMHO. No way Cisco goes to 50. Simply not going to happen and I certainly wouldn't bank on it with shorts... unless of course you're prepared to cover 'em. That's what I (and most others) thought last spring when I bought at 70. I later bought more at 57 and was still well off the lows in the 40s. Never think the market can't over-react. Look at the chart. If tomorrow is another bad day and CSCO breaks 55 then it can easily drop to 51. If it does then buy calls.