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

To: craig crawford who wrote (12301)	2/5/1998 7:40:00 PM
From: Raiders	Read Replies (1) \| Respond to of 77400

Hi Craig and Mohan, All I can say is that hopefully both the long and short will make money of Cisco Systems but today onec again it could not stay above 65 1/2 and retraced back to the low of the day. With bad news from Bay and QCOM, I think there should be some pressure on the tech stocks. If CSCo ignores that and moves above 65 1/2, I think it will make a run to $70 and then fall back below to 64. So I would prefer to short the stock around 69 -70. I agree with you the stock is overvalued at 45 PE but momentum in the market could cause the PE to get over inflated and cause the stock to run higher. Hang in there like I said earlier in the Post both Long and Short will make money out of the stock. Good Luck to All. Raiders