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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.30+1.7%10:48 AM EST

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To: Midnightsun who wrote (36666)5/27/2000 11:51:00 AM
From: bambs  Read Replies (2) of 77400
 
Here is a great quote from Jessie Livermore

The top is never in sight when the vision is vitiated by hope. The average man sees a stock that nobody wanted at twelve dollars or fourteen dollars a share suddenly advance to thirty-which surely is the top-until it rises to fifty. That is absolutely the end of the rise. Then it goes to sixty; to seventy; to seventy-five. Whereupon the average man, who never thinks of values but of prices, and is not governed in his actions by conditions but by fears, takes the easiest way -- he stops thinking that there must be a limit to the advances. That is why those outsiders who are wise enough not to buy at the top make up for it by not taking profits. The big money in booms is ALWAYS made FIRST by the PUBLIC -- ON PAPER. And it REMAINS on PAPER!

Mr. Midnightsun, I'm sure will not lose your profits but many others don't have a average price like yours $6 bucks is great. How would you feel if you bought between $55 and $82 on the advice of SI CSCO thread longs and foolish analysts. It's those people that I worry for and for their retirement.

Bambs
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