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

To: Mike M who wrote (25981)	5/25/1999 4:59:00 PM
From: James A. Shankland	Read Replies (1) \| Respond to of 77400

CSCO is too pricey and not enough of a guarantee to hold on to at these levels. Of course, "these levels" have already dropped a bit. CSCO is almost 15% off its high now. The Nasdaq 100 closed below 2000 today; the last time it did that, about 5 weeks ago, it immediately popped up about 10%. I don't know that that will happen again, but I think we're getting back to levels where some cash moves off the sidelines. I, for one, have been sitting on a lot of cash, due to valuation concerns, and am beginning to put it back into play at the prices we reached late today.