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

To: Dan Good who wrote (12278)	2/5/1998 10:26:00 AM
From: JRH	Respond to of 77400

To: JRH (12242 ) From: Dan Good Thursday, Feb 5 1998 8:58AM EST Reply # of 12283 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. Once again, I will reiterate: I am not a short. I am a long term investor in Cisco, and I plan on staying that way. The message was just regarding my thoughts on where the share price is headed. Thus far, I have been wrong. That is good!!!! Long on Cisco JRH