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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 76.04-0.3%Nov 26 3:59 PM EST

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To: michael97123 who wrote (41947)10/31/2000 2:33:37 PM
From: GVTucker  Read Replies (3) of 77400
 
From my perspective, for the most part people on this thread are guilty of the same faults as the analyst community.

Namely, when a stock goes up, bulls actually feel better. When a stock goes down, bulls feel worse. Same thing with the analysts. CSCO is a great buy at 80, yet it is dead money all of a sudden in the 50's. For most bears on a stock, the converse is true.

Rational logic to me is the opposite. If I like a stock and am confident in its prospects, it makes me happy when the price goes down. I can buy more cheaper. When a stock a like goes up, on the other hand, it is much more stressful, particularly as the stock approaches an area where it should be sold.
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