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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Joe Stocks who wrote (1914)	1/29/1998 9:18:00 PM
From: Marc D.	Read Replies (1) \| Respond to of 18691

Jeifri19, I agree with CSCO after or right before the earnings release, but do you really think that its pre-earnings runup after blowing through critical resistance yesterday is over? The market just loves CSCO. I'm going to hold off a couple of more days. Good luck, Marc

To: Joe Stocks who wrote (1914)	1/29/1998 9:48:00 PM
From: Carl H. Gotsch	Respond to of 18691

Jeifri19, <<Shorted CSCO today at 84.>> I assume you meant 64? Wishful thinking no doubt.<g> I have been watching CSCO also but, IMHO, your move may have been a bit premature. As I read the technical tea leaves, indicators are divided between those that are bullish because of the trend (since Sept)and those that are bearish because of the overbought condition. But the later can be misleading in a strongly uptrending situation, so I am sticking with the trend--for at least a few more days. (As Mark notes, today's price went through resistance at 60 like a knife through hot butter--which counts for something.) You might consider a buy stop in case CSCO sees 70 before it sees 60. Regards, Carl