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

To: jach who wrote (17215)	9/20/1998 5:10:00 PM
From: larry	Respond to of 77397

Jach, Thanks for your response. I kind of agree with Briefing.com that the next two weeks could be very very tough for the market. I think that the market is going to test new lows, which IMHO, will test DOW and NASDAQ at 6800-7000, and 1440-1480. However, after the bottom is formed and bears washed out, look for the indices to go straight up, a 20% gain in the final two and half months of the year. So based on my prediction, I am 100% cash right now and will sell naked puts and call some leap calls when I sense that the market is close to the bottom. Or simply do it on the day that the indices test new lows...... good luck, larry!

To: jach who wrote (17215)	9/20/1998 10:36:00 PM
From: Peppe	Read Replies (2) \| Respond to of 77397

Jach, Are you shorting CSCO ? It seems like every second post from you is reasons why we should convert our CSCO positions. What's next, sell CSCO and place the cash in our savings accounts ? As Gary mentioned and you obviously neglected to acknowledge, CSCO investors on this thread are in it for the long haul. We've seen numerous CSCO shorts come and go on this thread, stating reasons to sell very similar to yours: CS has a new switch, routing is dead, Bay's prices are better than CSCO, etc. etc. etc. The reasons are the same, the people professing CSCO's doom change and the stock continues to rock. I don't doubt that we're in for some oncertainty ahead, HOWEVER, I'm holding my postion in CSCO. And so are most longs on this thread. Cheers, Peppe