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


To: Raiders who wrote (12900)3/11/1998 6:20:00 PM
From: RetiredNow  Read Replies (1) | Respond to of 77400
 
Good call. I think we'll see $55 on Cisco as well over the next month or so. That is when I will load up. This company is at about $7.5 billion in revenues and is projected to be at $20 billion by the year 2000. If the stock price experiences this kind of growth, then it will be a 3 bagger in 3 years. Who cares about short term softness?



To: Raiders who wrote (12900)3/11/1998 7:41:00 PM
From: Greg Dawson  Respond to of 77400
 
Raiders:
Your T/A has given me multiple confirmation:

"...and it seems like it is still going to head lower, the most important thing for this option expiration period would be if it can hold $60 if it breaks that in a convincing manner then I think $55 would be the next stop."

I agree, my work tells me that 57-58 is good trend line support also.
However if 60 is violated there will be aggressive selling. I own 5
March 65 puts. I think they could be $10 in the money by next Friday.

Greg Dawson