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

To: JRH who wrote (12242)	2/4/1998 8:41:00 PM
From: leebo	Respond to of 77400

Hello JRH, as much as a csco fanatic I am, we are a little overextended at the moment. That's what csco has always done-it will run up and pause, then pull back getting ready to make another run to new highs(higher highs and higher lows). I don't think that we will see the mid 50's again, however. Maybe $60.

To: JRH who wrote (12242)	2/4/1998 9:12:00 PM
From: Ibexx	Read Replies (3) \| Respond to of 77400

JEH, The astute trader usually picks a stock trading below its 200 ema to short. Consult your charts! Shorting a stock on a daily or weekly basis is extremely dangerous. Ibexx

To: JRH who wrote (12242)	2/4/1998 9:46:00 PM
From: Dennis	Respond to of 77400

JRH< if you have to worry about short term cap gains, what is the point of constantly jumping in and out ????? oh yeah, and commissions.

To: JRH who wrote (12242)	2/5/1998 8:59:00 AM
From: Dan Good	Read Replies (1) \| Respond to of 77400

In order for CSCO to get to your 50's prediction, we would need an 18% correction.(using 54 as a figure). But to get to 70$ we would only need an 8% move. We will see 70 before we see 50. The momentum is driving the price, right or wrong, and a greater force will have to come into existence to turn the tide. As for Shorting CSCO, it might be a good idea, but not a good time. Shorting stocks that are making new highs have a higher percentage of loss than shorting stocks making new lows. Momentum = Money

To: JRH who wrote (12242)	2/5/1998 9:50:00 AM
From: Ken Moser	Respond to of 77400

I think your post is well stated and I would agree with you completely There is certainly room for longs and shorts in this stock even though I don't ever short a stock. I don't think I am perceptive enough for that I have been accumulating Cisco since 1994 and consider it a core holding in my portfolio. Having said that, I think Cisco is fairly valued at this time. I expect it to test 60 and trend upward to end the year at about 80. IMHO. :-) Regards... KLM PS: Thanks for your posts. I find them well reasoned and they help us all to keep this Company in the right perspective.