Cisco Systems, Inc. (CSCO) Message Board

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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 74.59

+0.3%

Jan 23 9:30 AM EST

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To: The Phoenix who wrote (34262)	4/20/2000 8:21:00 PM
From: bambs	Read Replies (1) of 77400

Gary, Given your target of $17 billion earnings in 2005. With a P/E of 50 yields $122 not $130. So you expect a P/E of over 50 even in 2005! Also, you have a target this year for CSCO of $100. I guess you base that $100 target on the general publics stupidity. Just like your $100 target on COMS before the PALM ipo. If you want to argue that people will be dumb enough to pay $100 this year then fine....don't try to argue it's worth fundamentally. If you want to argue that the general public will be stupid enough to give CSCO a P/E of 50+ in 2005 then fine. Why should some one pay $100 this year for a stock that will have a P/E of 50+ and only be trading at $130 in 2005. Sounds like a risky investment. Sounds like I would be betting on the continued stupidity of the general public not buying a company for the fundamentals. Bambs Oh ya, why would I buy CSCO after it falls to $45. It's called a dead cat bounce. The same reason I bought CSCO $56 last week. I trade stocks....it's what I do for a living. I scalp mainly. No overnights for this guy...not unless it's a sure gapper. I have no choice but buy over valued stocks when the market is going up...there is no other way to make money :) I've been shorting a lot more then I have been longing this last month. I bet next month too.

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