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

To: Claude who wrote (22095)	2/6/1999 1:10:00 PM
From: jach	Read Replies (4) \| Respond to of 77397

Alarming to see CSCO drop rate much higher than nasdaq. Starting from Tuesday CSCO drop rate more than double of nasdaq. Not good to see this trend and if this trend continues CSCO will be substantially lower a few weeks from now if nasdaq continues its downfall. In real numbers, if nasdaq drops another 100 points, CSCO will be at round 85$. If nasdaq drops another 200 points, CSCO will be at around 70$. From looking at how much nasdaq had gone up since Oct, it can EASILY drops 200 points. 50 points in four days is that all it needs and we had seem that 50 points is sort of normal these days. imo, will hold off getting in at these historically high mkt valuation times especially for CSCO at more than 100 PE. CSCO historically at around 60 PE, and at 60 PE it is in fact very high already. 100 is way way too much.