Uncle Frank, why don't you take the time to read your post and think about how you would feel the thread were all bears and someone posted a comment like that about you. I think you must be blind to your own arrogance. When I arrived on this thread I was brushed off and abused by you "old time longs". I don't care if you have 100 times your original investment on CSCO. I came on to call it a better short then a long at $70. Since then it has failed to hold $70 three times and fell $15, $20 and then $8 this week.
I am bearish on the market. I have researched my opinion. I am here to discuss CSCO and the market as CSCO is a bell weather for the NAS.
You say I can't add anything original...I think you are crazy...The longs add little to the thread if you ask me. Earnings come out and all you talk about is the pro-forma numbers like CNBC and the analysts. What have you ever added to the thread? You so up and act so cocky because you have owned CSCO since it was $1. I think you bunch try to influence others to buy CSCO so you can continue to prosper. I don't think that you all are completely honest with the thread. When will you understand that it doesn't matter to me or anyone else if you got your CSCO shares for Christmas or paid 2 cents. Let's talk about the long term future of the stock. Let's talk about the next 2 years in the market!
The fact that I influenced my parents to get out of what I believe to be a risky market is my own business. My parents are retired...They have their house paid off. They have a good amount of money to work with...They have done very well over the last 5 years. If they just get 7% for the rest of their lives they will have no needs in the world. But, a 30-50% pull back in the market over the next few years will hurt them. Sometimes you need to play it safe.
You have always been so insulting to me and all bears. You use words like "parrots classic bearspeak", "newcomer to investing", "naive", "ludicrous"...etc..etc...etc.
You go on to no end about how you and other longs have been in CSCO and have "realized 6 and 7 digit returns". Well good for you!!!
How dare you call me egotistical when you are the "ego" king of the thread. The text that you and Ed Forrest post on this thread nothing but bragging of your massive returns and your old boy investing experience... you assume that you know more about the markets then anyone...you don't know me or anything about me....I am a little daytrader...but I went to University for 6 years. I was a Microsoft Engineer for 5 and Cisco Engineer for 2. I was senior systems administrator and project manager for 8 years. My last computer contract was at a major investment banking firm, where I upgraded the trading floor to Windows NT and spent countless hours observing market makers in action. (this is when I decided to become a full time trader...to "play the game") I have read most of the classic books on investing, daytrading, understanding market makers and historical information about markets. I have followed the market since I was a teenager and I have been a full time daytrader for almost 2 year. Since that time I have averaged a monthly return of 10%.
But, unlike you I am more then willing to admit when I am wrong. I know full well that if the public buys the market goes up and that is all that matters. If wall street can sell the stock and push the market up they will...that's how they make money! Dow 15000 Nasdaq 6000 what ever. I just look at the risk to reward, day to day. week to week, month to month, year to year and trade.
When I look at CSCO I see a big P/E, but great growth. I see acquisitions that are result in growth but massive dilution and because of pooling, a miss representation of earnings. I see 344 million in gains from investments and only 796 million in "actual income" (makes up 43% of actual earnings) Actual earings growth of only 30%. I see a bubble market that I think will turn gains from investments into losses from investments. (mark to market gains go quickly)
I see CNBC talk about summer rallies, election rallies, fall rallies, every week it seems like they are hyping some kind of rally coming. Finally, I see a bunch of arrogant bulls on this thread that don't seem to want to talk about the points I raise. I see people like you that instead talk of $100 price targets and post to attack me. You try to belittle me by calling me a novice investor, a TM, accuse me of being some other poster from years gone by that was a bear and always wrong, etc, etc, etc. I don't care where you go post but I hope you know that if you come here and post your $100 pump and dump targets I will be here to discuss the other side.
As for me being ORIGINAL???? Check yourself! Look in the mirror! Your posts come across to me as the most arrogant, unoriginal and boring that I have ever read on any thread. It was you and Ed Forrest that made me want to hang around on this thread to take on you arrogance when you told me to "crawl back in your hole". At least Gary will talk numbers and look at financials. (he does stick to the pro-forma side of things and discount the real acquisition and stock option costs though)
Finally, in the next two years if CSCO proves to be dead money and the Nasdaq hits 2500...I would like you to admit how wrong you are. I would like you to post on this thread that I was right and you were wrong. I still say that after the slide to 2500 if things get real ugly as the economy slow from the wealth effect turning into a broke effect, the Nasdaq will test 1500...I level that we were at in 1998 not that long ago! It may seem unreal to many bulls but it was just 2 years ago! Most importantly I want you to come on this thread and tell everyone that you regret your arrogance and your bad investment advice that cost them so dearly. No everyone is rich like you...some people are counting on stocks like CSCO to retire...they will be hurt in the long run, in my opinion.
Have a good weekend all,
Bambs
P.S. I hope you take the time to read this post carefully and think about the way you come across for a change...instead of always pointing a finger, look in the mirror |
