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

To: StockMan who wrote (17986)10/8/1998 1:03:00 PM
From: Futures Trader  Respond to of 77400
 
At this point, looks like CSCO is heading towards long-term support near $30.00/share. This would be about a 60% retracement from the 1994 lows. I believe CSCO will have a significant bounce off of this long-term support. We could see this level before the end of October.
Meanwhile, the nasdaq composite is in a freefall probably headed towards intermediate support at the 1200 level.
Happy trading!



To: StockMan who wrote (17986)10/8/1998 4:08:00 PM
From: SouthFloridaGuy  Read Replies (1) | Respond to of 77400
 
Short term selling capitulation shown with CSCO today. Stock will remain strong in the SHORT TERM. Any NASDAQ reversal will be short lived, but CSCO will lead the way.

CSCO back to the 50's in October and then back to the 30's in November.

Good luck.


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