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Technology Stocks : Micron Only Forum

MU 332.84

+6.6%

11:21 AM EST

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To: Paul Winston who wrote (23400)	11/1/1997 11:21:00 AM
From: Stockwizard	of 53903

Paul: Cisco may drop some after the earnings release. That is why I am thinking there could be a chance of the usual CNBC term 'buy on the rumor, sell on the news'. But Cisco is one of the great growth stories in the stock market. It has outstanding growth, but don't forget that it has a PE of over 50. Therefore, Cisco can continue to climb, but beware of slowing earnings or disappointing surprises or market plunges, both of which has potential to pull back the higher PE stocks. That is why I would rather wait until Cisco drops back somewhat. If it doesn't, than there are many other stocks and I will not have any regrets.

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