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

To: Dennis who wrote (12036)	2/2/1998 8:56:00 PM
From: Eric	Respond to of 77400

Dennis I would wait for a 10 to 20% pullback before buying here. Of course that assumes that we don't get a big positive earnings suprise after the close tomorrow. regards Eric

To: Dennis who wrote (12036)	2/2/1998 9:23:00 PM
From: Dan Good	Read Replies (1) \| Respond to of 77400

<<would you buy more or wait for a pull back>> I think the valuation of CSCO is too high for a buy at this level, and personally seldom buy a stock that is retreating in price. So that leaves out buying any more CSCO right now. In addition, I have put a stop market sell at 60. That way if we see a drop in price, I keep my profits and if we have a blow out quarter (and we need one) I still have the stock. At the end of the trading day we had a bid size of 555 and a sell size of 18. So the increase in price should continue. But I dont know what is driving the price. There is a slow down in earnings acceleration and we are at the high end of valuation. Doing some quick calculations, I get a 24% 12 month increase this quarter from the previous second quarter 12 month earnings, and 24% quarter to quarter, with the 3rd quarter showing 26% and 28% respectively. Compared to the 60% increase in FY96 and 47% in FY97, there had better be some good news in the earnings announcement. Just my humble opinion though.