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


To: The ChrisMeister who wrote (16012)8/13/1998 11:32:00 PM
From: Ms. X  Respond to of 77400
 
ChrisMeister,
I agree that Cisco is consolidating right now. Obviously by Cisco's strength, it is reacting to the current market and sector weakness. This is typical. No matter how strong a stock, it is apt to be affected in these conditions. The trading range is between 91-100. If it breaks 100 to 102, that would be extremely positive. If it sells to 90, I would consider that a hedge point. Hedging against further market decline. Not a sell by any means.

There are a few out there that have held up well. Being that we had 70% of the stocks on our NYSE BP on buy signals in April and now only 28% on buy signals, Cisco is doing damn good.

Take care,

Jan I am

If you would like to brush up on your P&F, come on over to our thread :-)