SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Gorilla and King Portfolio Candidates
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Mike Buckley who wrote (14987)1/12/2000 7:52:00 PM
From: uel_Dave  Read Replies (3) of 54805
 
Hi Mike, I remember you explained that Cisco had at least two ~40% corrections in its stock ( CSCO ) over the last few years. I found two of them: Jan. 21/97 to April 1/97 -CSCO corrected 38.8% ( Nasdaq fell 12.5% )and between August 26 to October 8/98-CSCO corrected 41.3 %. ( Nasdaq fell 20.4% ). Even Silverback Gorillas correct hard in a market, however CSCO has gone up approx. 8 times from the first correction and approx. five times from the second one.

Mike, the point you made before about holding these Gorilla stocks tightly and being able to benefit in the long term holding of a great business such as Qualcomm.

QCOM has corrected during Jan 3/2000 to Jan 7/2000 by 33.5% and the Nasdaq was down by 11.5%. I am certainly holding onto a great company like Qualcomm and it is good to be reminded of your example of Cisco and where it is today after those corrections. Imagine where QCOM will be in 2, 3, 4 or 5 years after its pause.

Regards,

David
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News