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

To: The Phoenix who wrote (18154)	10/13/1998 11:53:00 AM
From: LindyBill	Respond to of 77400

Gary, I think the best way I can characterize this market is "nervous". The volatility in the stocks we are all in is nerve-wracking, to say the least. I am going to be very tempted to convert to all cash on what I judge to be the next high and wait for the downside, to come back in. I guessed the last two markets breaks, but did not have the guts to follow my intuition. On the other hand, I know that earnings are what's going pull us through long term. But what are we going to do if Cisco does not meet earnings for a quarter? I got out of Intel in April after they slowed down, and have been happy that I did.

To: The Phoenix who wrote (18154)	10/13/1998 1:09:00 PM
From: joe	Respond to of 77400

>>I noticed over the past few trading days that there has been a new focus on earnings and away from Asia, Japan,..<< >>I know that earnings are a function of some of these factors however the market I think will begin moving based on earnings (or lack thereof) and less on "hype" about economic turmoil in Asia<< Gary, I think the focus on Asia is still there. We've just had some temporary good news lately; 1) G-span strong rumors of int. rate ease 2) Japan is looking more decisive about taking action to solve its problems. 3) US $ is weakening. These could easily crumble (for example, once long bond imbalance related to hedge funds is corrected, then US $ could gain in strength, though probably not as much as a few months ago), so I would in no way take my focus off of world turmoil. OTH, INTC reports tonight, probably with good results, so the pendulum will shift a bit towards good earnigs...but still, heavy focus on world turmoil. joe