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


To: ALTERN8 who wrote (22503)2/12/1999 2:00:00 PM
From: lin huan chen  Respond to of 77397
 
I own CSCO and I am fully aware this is a momentum stock. If you have experienced correction in tech stocks (eg. Jan~Apr 97), you should feel this is just the beginning. I won't sell CSCO because I could be wrong short-term and it will eventually come back. But I will not buy more since it is not cheap yet.
regards
Lin

BTW, I haven't feel the pain yet. It won't reach bottom until I feel the pain.



To: ALTERN8 who wrote (22503)2/12/1999 2:06:00 PM
From: JRH  Respond to of 77397
 
It appears that the market in general is treating DELL like it treated CSCO after one analyst said that they think enterprise spending will drop, and CSCO got hammered because of it. As we all know, CSCO has not in fact lost like the analyst claimed, and I think DELL will be the same way. In any case, I see the market correcting sometime in the near future (within 2 months, hopefully), and I am going to love it cuz I have some cash waiting to be put in! These days it must be nice to be a day trader! But...I think I'll just wait it out and stay long.

Justin



To: ALTERN8 who wrote (22503)2/12/1999 2:07:00 PM
From: Gerald Walls  Respond to of 77397
 
Too many Bears right now, when most people are Bullish is when the markets crash hard.

According to the 2/12/99 IBD, 61.2% of investment advisors are bullish (a 5-year high), well over the 55% threshold considered bearish. Only 25.9% are bearish, approaching the 20% threshold considered bearish.

Back around Christmas the numbers were about 56.5% and 32.5% respectively.