CSCO: One more time...
from Realmoney.com (premium section of theStreet.com):
Gary B. Smith
CSCO and other thoughts
8/09/00 12:18 PM ET
At the risk of being at ruining the CSCO party, let me interject some thinking:
1) the hubris I saw over the CSCO conference call was, well, sickening. Yeah, sure, maybe they give great conference calls, but I'm in this to make money not cheerlead. And sorry, I saw a LOT of cheerleading and backslapping last night, instead of rational thinking. As it stands now, if one
bought this AM, you'd be down, not up.
2) On a sidebar, btw, I know CSCO the company very, very well since they do a LOT of business with companies like Digex. Sure, CSCO is good, but puh-lease, they have warts like any other company. And lots of them. You think they have no competition? Think they're bullet proof? Think again.
3) I saw exactly ONE realistic comment made on CSCO, and that was by Todd H: the magic number on CSCO is 70. It closes above there, THEN I'd give it the green light. Everything else is just gum flapping. |
