Cisco Systems, Inc. (CSCO) Message Board

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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 77.38

-0.5%

3:59 PM EST

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To: Zoltan! who wrote (33228)	3/31/2000 12:12:00 PM
From: Kashish King	Read Replies (2) of 77400

Well, when you own the stock, especially for an online rag with no oversight, you are going to pump it and that's just what he's doing. Conveniently, this questionable trader is offering an anecdote about having a PE limit of 30 for CSCO since it's a massive company already. That would be high by any standard so picking that number seems reasonable. Except that the PE is closer to 201, not 31. Let's summarize his remarks: I don't know why the hell this stock rocketed up but I'm not going to argue with the results. Look, companies of this size should be lucky to have a PE over 18 and I would put CSCO in the lucky category. There PE should be around 30 because of many stellar factors. If the stock drops below that, I will buy. Meanwhile hold on for the ride down. Alternatively you can listen to armchair pumpsters like Cramer offer his hindsight. I guess people are of the opinion that if he's babbling on an e-magazine it must be valuable information: not.

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