Cisco Systems, Inc. (CSCO) Message Board

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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.39

+1.3%

Nov 19 3:59 PM EST

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To: Master (Hijacked) who wrote (42257)	11/5/2000 12:17:57 PM
From: bambs	Read Replies (4) of 77400

The problem with censorship is it is too often used by the majority to silence the minority. If some one has opinions that go against the popular way of thinking they will be ignored and "black marked" by those in the majority. The majority will use this feature to influence others with their numbers alone. "Group think" develops and bubble markets live on. The terms hypsters and bashers get used a lot these days. When a stock like say CSCO or LU was on the way up longs looked to some like hypsters but to others like informed investors with vision. Bashers looked like "doom and gloom" bitter critics with hidden agenda's. Now that a stock like LU is back at $20 and csco has been dead money for a year, old longs look more like dreamers and hypsters...prognosticating wonderful things and taking about the "long term". While some former "bashers" now look like they knew something. There are always abuses but it becomes difficult to tell until after the fact. Perhaps it would be better to have the SEC create some kind of rules with regard to internet posting and enforce them with random checks. I for one would be interested to see if when people post things like..."I'm buying more here for the long term" or "I will pick up some more shares if we dip below $50"...do they actually buy more and hold? Or short on their calls? I would bet that too often longs of these chat boards aren't buying more when they say they are and I would bet that they sell some in front of earnings to play safe...or pick up some puts...The point I'm trying to make is that it's not just about some jerk that show up and hypes or bashes a stock and then is gone a week later. The real influence on chat boards comes from posters that hang around for months and give advice. Say things like "little downside risk here" and talk about holding long term and state that they are buying more. Their are people out there that act on this advice. It may not influence the stock prices much at all but some individuals get hurt by this kind of reckless advice. I am constantly called a doom and gloomer for my bearish out look on the economy. The thing is that my beliefs come from reading books and articles out bubble markets and the current state of the world economy. My beliefs don't result from my desire for a recession...no it's my fear of one. Some posters like Ed Forrest love to attack me and try make me seem evil and cruel. I am often referred to as being a basher. The fact is I don't want a stock market crash...I don't want a recession. I want to keep the party going. I'm just not going to come to a chat board and lie to people. Tell them things I don't believe in. I also don't like to read other posters saying things like "little downside risk" and taking about how if you hold for the long term you will do well. People need to look at the charts of stocks like WCOM and LU, then look back at what people said about those stocks when they were on their first few pull backs. Or like at the Asian bubble or 1929 and read about how people talked about long term and buying the dip and all the same garbage you hear today. bigcharts.com If the nasdaq the dow and the s&p do what the nikkie has done over the next 10 years the middle class that are depending on the market for thier retirement will be really really hurt. Bambs

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