I admire the courage and conviction of all who are able to buy and hold such tech stocks as discussed here.
The game isn't over though until profits are taken.
I've been around too long not to know that stocks are a fashion item and stock fashions and business fashions change -- I have lived through "plastics is the word", "nobody ever makes stock buybacks" "can't lose on IBM", "we are buying this business to diversify our operations and provide more stability and predictabilty to our earnings" to "we are spinning this out to concentrate on our core business" to "zip drives", to "you have to evaluate our business not on conventional measures but on hits/site", and "our stock price reflects our unlimited business opportunities".
I'm not suggesting anyone take profits on any of their stocks. I'm reflecting though on the opinion by kvkkc1 that CSCO is a better buy going forward than MRVC. Now I can see MRVC doubling from here (it might or might not actually occur). But I cannot see CSCO doubling (although it could). At some point, everybody is in the stock (CSCO), and it becomes (or already has become) "you can't lose with CSCO". I see such a point as a selling opportunity. For CSCO to double means the market cap would be 892 billion dollars. For perspective, I show that the Gross Domestic Product of the USA in 1998 (latest figure I have)is 7 Trillion. CSCO would be equivalent to a big hunk of the USA's GDP. Maybe it should be. My opinion though is that if CSCO is the best stock people can find in which to place new money now, they aren't looking hard enough.
jmo,
I've been wrong many, many times
and for me 5 baggers, 10 baggers, 20 baggers are darn rare so not only am I curious to see how people are doing it, I'm also envious (I have to work on that -g-)
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let me amend this post in the 7 minute open window left. Nobody but me said anything about CSCO or MRVC doubling. Just my way of looking at it. If MRVC stays at current price and CSCO just goes up 10%, then yes, CSCO was/is a better buy going forward than MRVC. I'm arbitrarily looking out and trying to understand the bigger picture and where these stocks might be in 12 months. Paul |
