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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 77.80-0.3%Nov 17 3:59 PM EST

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To: Ed Forrest who wrote (34452)4/28/2000 1:48:00 PM
From: lawdog  Read Replies (4) of 77400
 
Ed, Guess this group of losers will never be mistaken for "The Magnificent Seven".

Well, I guess that means you'll be that last "winner" holding CSCO shares after the rest of the "losers" sell. I just recently sold my position and have taken a less optimistic view towards CSCO based on valuation. But heck, when has valuation ever mattered in this market. It's different this time.

You are right, CSCO will eventually be worth more than every other stock in the universe combined. Anyone who isn't placing market orders on CSCO right now is crazy.

There are better risk/reward stories in the market. CSCO is highly unlikely to crash, but the cracks have made themselves visible. If you refuse to look that is your business.

Sorry I don't take your view that CSCO can guarantee a riskless 30% return per year ad infinitum. But, since you seem to quick to make judgements I will make the following predications: stock price as of 12/31 = 75 (dead money from 52 week high, small gain from here). Market Risk = well above average so fair value of CSCO is somewhere below $75.

Good luck.
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