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I have little markers littered in range 10-14 for
CSCO, but the big target was the easy part and pointing to a magic number for a
bottom is beyond my skill level. Personally, I suspect that when the bottom
is reached, one will have lots of time and little competition for the stock. Our
little community is full of empty nesters and retired who are currently in
denial ... my neighbors who knew I trade for a living used to brag about their
exploits ... now they don't want to talk about the market nor do they look at
their statements ... however they are not yet bragging about the great deals
they found on Certificate of Deposits.
And at the risk of pointing out my failings, might
I add that GE has yet to hit 30+-.
Earl
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A title=onwingsofeagles@xxxxxxxxxxxxx
href="mailto:onwingsofeagles@xxxxxxxxxxxxx">Gitanshu Buch
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx">realtraders@xxxxxxxxxxxxxxx
Sent: Tuesday, April 03, 2001 10:21
AM
Subject: Re: [RT] STK: CSCO
Well, Earl's the resident price picker on CSCO, having been
the first person I've interacted with who told us here that CSCO would
potentially trade to $18 on a 162% extension of some e-wave/fibo pattern,
when CSCO broke the 50-70 trading range and then broke the 30-44 trading
range.
So, I'd defer to his skills - I sense this $8 handle would
not be beyond the realm since stocks can only go down to zero even if they can
go up to the sky.
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