I owned Cisco Systems (CSCO) through the dot com years and made a lot of money. I got too greedy and figured the sell off in early 2001 was over blown. Little did I know that I would ride CSCO all the way down to the $20’s. The elation you feel when your on the right side of a trend can’t compare to the gut wrenching horror you feel when your on the wrong side of it.

My guess is that CSCO will pop higher if it can break through that pesky $29.40 resistance area but then again who really knows? CSCO’s trend has been dead for years.

[tags]CSCO, Cisco, Stocks, Trends, DotCom, Web1.0[/tags]