Cisco Systems, Inc. (CSCO) Message Board

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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 77.40

-0.5%

Dec 30 3:59 PM EST

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To: The Phoenix who wrote (38886)	8/7/2000 8:28:58 PM
From: bambs	Read Replies (4) of 77400

Gary, Give me a break...I call'em like I see em. I think the upside has more risk. I don't hold overvalued stocks overnight. I will short CSCO when it appears to have topped and is starting a downtrend. I play CSCO long intra-day when the futures make higher highs and hype spewed by CNBC. I am not irritated that others are making money while I'm not....like you suggest. I have pulled more points out of CSCO this year then anyone that is a buy and holder. The sell off from near $70 has paid well this year. The first clear lower high of $72 was easy money. You and other said I was crazy for shorting CSCO. I rode it from $68 - 56 1/2 when it bounced off 55. Then next time it tried $70 and failed I said I was shorting again. $68 1/2 that time...I even sent you a private message to let you know that I was covering half my short at $55 and would let the rest run. It test $50 and bounced and I covered the other half just under $53. The last drop off got me 5 points on the down and I played it for 3 on the intra-day bounce. CSCO will remain a great short at the $70 level for the next year. Unless this quarters numbers are truly blow out and their is no sign of a slow down for next quarter. If after this weeks numbers come out and CSCO fails to run and take out $70 and push through $72. I will short again. Dell may prove to be a good short as the numbers come out. SOX.X as well. Semi's under pressure. I still hold to my belief that we are in a bear market. That we will test and fail the 3000 level this year. That we will bounce around after that and if the economy really slows down and the hype comes out of the tech stocks. If fear hits the baby boomers and retirement worries drive selling we will see NASDAQ 1500 with in 2 years. Understand what I am saying, please....There is not hatred...I just think that longterm investors should think about the longterm and not gamble on overvalued stocks with thier retirement savings. My longterm holdings have been in bonds since late Feb. this year. I missed the top but everything I sold in Feb. is down below my exit price. Bonds have outperformed the market since then. I am comfortable getting my just 6 3/4% with no risk for the next few years. I will continue to daytrade and buy bonds with my profits...and puts. Bambs

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