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

To: Lucretius who wrote (11558)	1/13/1998 9:07:00 PM
From: diablo	Read Replies (1) \| Respond to of 77400

sorry you took my note so personally. didn't mean to upset you. I guess i'd also be a little edgy myself hoping that i didn't get sold a bad deal by my broker. I've been long csco for several years and never have had the guts to short the stock. guess i've been lucky. also, just curiousity sake, what is the point of shorting 10 shares? the most you can make, before commisions, is 500, assuming the co goes bankrupt. If done for fun i can understand. If trying to make a return, the reward doesn't seem to justify the risk. I'm not focusing on your decision to short cisco. this comment would apply to any transation this small. the only one that benefits is your broker.

To: Lucretius who wrote (11558)	1/13/1998 9:24:00 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 77400

LT, is the crossing of the 50 dma the sole reason for your position? My TA indicates a series of higher lows with pretty strong support at 52. In addition, the sector looks to be oversold. Granted there is resistance at 60, but I don't see that as a sell signal (or short) unless you are doing a short term technical scalp. What would you need to see in the technicals to be neutral or positive on CSCO? TD

To: Lucretius who wrote (11558)	1/14/1998 11:18:00 AM
From: The Phoenix	Read Replies (1) \| Respond to of 77400

Broad mkt may rally Wed on this news, but CSCO looked very weak today for an up day in the mkt, and a recent cross of the 50 dma. Not much confirmation there. Lucretius. Again you are right. CSCO didn't rally along with the rest of the sector. But we do have to keep in mind (I think?) two things. CSCO is trading near its all time high - unlike other networkers - so upside, as a %, is probably less than other weaker networkers. BUT, the downside is less as well since CSCO is clearly the bellweather of the sector. I think these facts alone make CSCO a good long term hold... and given what I've heard about this quarter and good short term flip. The other issue possibly holding back the stock right now is earnings. Folks may be waiting for late Jan. before comitting. History tells us that this stock always gets bid up before earnings (Feb 3?). "Buy on the rumor, sell on the news". Good luck with your position! I guess we'll all know fairly soon. BTW: Interesting that the market is putting more teeth into INTC's forward looking comments rather than the recent earnings announcement. But I guess stock valuations are based on future expectations. I wonder if Intel is sandbagging next quarter to shield themselves against any possible escalation in Asian currency markets. What do you think? Gary