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Strategies & Market Trends : Sharck Soup

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To: Softechie who wrote (21535)5/9/2001 9:08:47 AM
From: Electric  Read Replies (1) of 37746
 
I agree there..

We already know that fundies have dropped CSCO from the top 10, thats old news..I dont like CSCO for the same reason I didnt like DELL last year..when a company keeps revising lower and dropping numbers then I dont like buying those companies..I dont think CSCO will drop to 13 again but even if it did I wouldnt buy it.. I would buy the other names, the ones that havent dropped their pants 5 times like CSCO has. CSCO is a maturing growth company..and I think they have seen their highs for many years to come..

Anytime you start seeing the market rationalize P/E ratios over 500 because earnings growth is accelerating 50% (for established large companies...CSCO, DELL etc) then I start to get worried.

I dont think we are going to go crashing down today, too many things comming up for that to happen. If you look around at most other stocks, they are bouncing from earlier lows..
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