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


To: jach who wrote (24068)3/31/1999 9:11:00 PM
From: Mark C  Read Replies (2) | Respond to of 77397
 
Not that I agree with your near-term outlook on CSCO but I am short. On Monday I shorted at 107 7/8, 108 7/8 and 109 3/4. Then today I shorted one more time at 112 7/16. So as of the close today I have a small profit but I am very anxious to close the position. So I am hopefully for a down day tomorrow. I think
1. there is some validity to the window dressing argument
2. the dow did break support at 9800 today
3. we have a military action
4. and a long holiday weekend
So I did not close out at the end of the day today and let it ride for one more day...............................



To: jach who wrote (24068)4/1/1999 12:23:00 AM
From: jach  Read Replies (1) | Respond to of 77397
 
Bad news, end of qtr dressing done, April earnings due soon; MMs and many investors will take some dough off the table, the mkt is very likely to come down quite a bit. Especially CSCO can come down a lot as many will take recent profits out from CSCO. Next week can be a disaster for stocks if the crisis heats up and some more warnings like KO.

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