Cisco Stock Chart, Technical Analysis

Stock Chart in the news. Dr. Stool puts his proctoscope on a stock in the news and reads the entrails.

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Cisco- January 6, 2001-
1/5/01 closing price 36 5/8.

Charts and quotes on this page are current, but delayed.

Oh brother, what a mess. A young man posted a message on the CBSMarketwatch, CSCO board, saying that he had put his life savings into CSCO at 49.26 back in December. This saddens Dr. Stool, who remembers his youth as a hopeful, optimistic investor at the top of the markets in the late 1960's and 70's. That was a period of secular bear markets, interrupted by a couple of sucker bull runs. But for most stocks, and most investors, it was a very bad time indeed.

That period is what set Dr. Stool on his course of the study of stock proctology. Young Stepan N. Stool spent many hours, over many days, over many years, suffering, while the so-called experts continued to assure one and all that everything would be fine. Well, it wasn't fine. It was bullshit. Those "experts" spoke out of bias and self interest, not out of any concern for reality, that's for sure.

So young Stepan determined that he would never again be fooled by these charlatans. He became the Stock Proctologist, warning others against following the same foolhardy path on the road to ruin. Remember, dear readers, those who say buy and hold only do so because they want company. The conventional wisdom is always the safe way to avoid responsibility for being wrong.

There is a time to buy, and a time not to buy, a time to sell, and a time to hold. Now is not the time to buy, nor is it the time to hold.

CSCO, the quintessential "buy and hold" stock, is in the same boat as Xerox and Polaroid, and IBM and all the other nifty 50, thirty years ago. It's in a secular bear market. It has nowhere to go but down. Using conventional and centered moving average measuring techniques, the short term target is 28. The stock has a long term price objective of 18, that's right 18.

This stock, and the buy and hold "good companies" mentality, is going to be responsible for sending a lot of investors to the poorhouse over the next year or two.

Come visit Dr. Stool's new park bench. Observe the world, see the droppings, and add yours to the mess at Stool Pigeons on the Wire.

Stepan N. Stool PH&D

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Cisco Stock Chart- Analyst Bullstool in the Proctoscope