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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 77.38-0.5%Nov 18 3:59 PM EST

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To: Eric who wrote (33249)3/31/2000 5:06:00 PM
From: lawdog  Read Replies (1) of 77400
 
Just don't bury your shares under your mattress. It's a pretty safe bet that, at some point, somebody will get stuck paying CSCO's stock market tab. It would be nice if it were only people like Cramer who aren't doing much to help by beating their chests. The form of payment will either be years of zero appreciation, or a sudden return to a reasonable valuation level that accurately reflects the risks, and a more realistic future, for CSCO. This highly leveraged market doesn't bode well for the form that the payment will take.

When I purchased CSCO I never imagined or expected that it would only take 3 years to realize the returns we have seen. I was expecting these price levels to take a few more years. Not that I was ever 100% sure that I had done the right thing by placing 75% of my portfolio in one stock (bought in small incrememts all the way down).

Never forget the mantra, though. Buy when blood is running in the streets. It will run again.

BTW, Chambers is one of the best. Good management is my favorite reason to own a stock. As long as he continues CSCO and it's shareholders are in good hands.
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