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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.03+0.8%Nov 14 9:30 AM EST

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To: Jacob S. Rosenberg who started this subject10/25/2000 6:06:53 PM
From: bambs  Read Replies (4) of 77399
 
You longs kill me...challenging me to short csco now...short it at $50. bla bla bla. I don't gamble when I trade. I make smart trades with low risk and high reward.

You people are all long csco. I wouldn't hold csco long overnight into earnings. If the numbers are good they gap up $5 if the numbers are bad they will gap down $5-15. I will say that I would rather be short then long into this earnings announcement. I think the risk to reward favours the short. But, I will wait until I hear the numbers. Everyone knows they will beat the earnings number and most likely do so handily. I expect them to realize massive amounts of gains from investments to pad the numbers. But, if the revenue is soft then look out. I won't bother shorting CSCO. I will short stocks like JNPR, CIEN, SCMR, and JDSU. Just small shares. But, I will get many points. Then in the morning I will cover the over night shorts and buy the dip on other strong stocks that gap down but hold their open and trade higher. It's simple. That's how I trade. It's not for everyone.

The reason I enjoy riding you longs is because I think you give foolish advice. You bunch will tell the world how you are buying more on every dip. We never here about you selling. Just that your average price is $5 or $10. You brag about your massive profits and advise others to buy the dip. You say you DD is great. You are an arogant bunch. You can't take being wrong. You will continue to be wrong over the next few year. You will lose money. Those that listen to you will lose money.

Let's get some year end targets on CSCO out in the open. I say $45 and at least a low of $35 next year. You come here and make your targets and then you back away from them. Do you bunch still think the telecom sector will be a 5 Trillion dollar market in 2005? Has that changed too? What do you bunch think? Will CSCO's revenue come in lighter then expected on Nov. 6th? Will they lower revenue expectations for next quarter? What effect will that have on the stock?

Is there not more risk holding csco at this level then benefit?

I heard a trader at my office today talking to a friend about NT. He had lost over $100000 over night and his friend a bunch too. They were going on about this being a buying opp. He said he was buying more. He told his friend that he could use margin if he wanted to. Said he thought is was a good idea. Talked of the P/E being low now. NT loses money! The stock is not cheap now because it's down so much! It's still up almost 1000% from it's 1998 low.

You bunch won't learn for years. I know it. Buy the dip!
You are in denial. You are obtuse. Read your history books on the market. Tokyo's market is still down 60% from it's high 11 years ago. This market is toast. Bond troubles in the financials will lead to the next major leg down. Teleco's have cracked and will continue down now like the semi's did and will continue to slide. You ain't seen nothing yet!

Bambs
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