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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 72.10+1.4%3:59 PM EST
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To: bambs who wrote (40623)10/11/2000 8:29:41 PM
From: RetiredNow  Read Replies (2) of 77397
 
you know Bambs, I agree with you. In fact, I can say with complete certainty that if anyone buys a great stock at its inception and hold the stock all the way until the company eventually goes out of business or stops growing, they WILL lose money. So you are correct, long term holding of stock taken to the extreme is a losing proposition.

However, the way the realistic long term game is played is that you take a hard look at a company's fundamentals. If they are strong, you buy the stock. Then you periodically revisit the company's fundamentals. If they change, and the change is unacceptable, you sell. Cisco's fundamentals have not changed. In fact, they have aruably only gotten stronger. It's true that their margins are coming down amid competitive pressure and their historical stronghold markets like high end routers are under attack. However, their addressable market has skyrocketed by the company targeting telecom service providers and old world telecom companies. So the stock has been sucking wind the last 6 months. Who cares? I'm sure the daytraders and shorts do, but us longs don't care. 5 years from now we will all be laughing to the bank, like we have for the last 5 years. The fundamentals are still strong.
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