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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 231.79-0.3%10:12 AM EST

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To: H James Morris who wrote (91231)1/17/2000 5:24:00 PM
From: 16yearcycle  Read Replies (2) of 164684
 
HJ, Cisco is selling at 107 times this years e estimates. By the way, those are operating earnings, not including the incredible amount of charges against e that CSCO takes for acquisitions, which will knock the 1 buck down by about 30%. Of course CSCO's e are mostly nonsensical given that they would blow another .20 at least if they actually had to pay their employees, instead of giving them options. Csco's growth rate is running 35-45% and this of course INCLUDES profits generated by companies they acquire. Internal growth is nowhere close to 25%

All this bullshit with CSCO and other tech leaders has been forgiveable, and may continue to be for awhile. But we are now seeing prices continuing to go up in the face of rising rates, and a fed that says they have room to tighten repeatedly until they get the response they want(a flattened curve, I am sure). If you want to stay aggressive here, its your funeral.
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