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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.39+1.3%Nov 19 3:59 PM EST

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To: Eric who wrote (36146)5/22/2000 8:00:00 PM
From: The Phoenix  Read Replies (1) of 77400
 
Wow!!! What happened here? Let me make a few observations after talking with almost all of you one on one at some point.

First... I think everyone here is really smart. I think that sometimes we let our differences of opinion get the best of us... and well... the internet has a tendency to not translate well sometimes. What are sometimes just light hearted barbs are sometimes understood as shots across the bow.

Second, I think there are a number of investment styles in play here and depending upon when and how each of us invested here will lead us to take different tacts.

Third, I think all of us have varying levels of risk aversion so that will also lead us to make different decisions.

Finally, analysis styles appear to be different. I think the bulls are more fundamentally driven - looking at market growth and Cisco's position whereas the bears are looking at technical indicators and lower highs/lows... and a smattering of F/A PE thrown in.

The point is everyone here is really smart. What makes a market is buyers and sellers so it doesn't surprise me that there are those that think CSCO should be worth less and there are those that think CSCO should be worth more. This actually is a sign (IMO) that we are in a very healthy market - unlike February when there wasn't a bear in sight. So, while it certainly is true that CSCO may go sub-50 (sheesh - did I say that?) but it is equally likely at this point that it goes +60... Where CSCO goes is probably less a function of the company than it is overall market sentiment (again JMO). BUT!!!! I will say that CSCO usually leads the way up.... how far???? Well, the last two times we made it to what..... 3750-3800 range.

OG
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