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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 77.04-0.5%Dec 31 3:59 PM EST

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To: chic_hearne who wrote (43325)11/10/2000 5:22:46 PM
From: bambs  Read Replies (2) of 77400
 
Do you know what I find just completely laughable....CNBC's call that 2800 on the nas is the "rock bottom" this kind of talk will help to convince the little guy to ride this market down while the Michael Dell's of the world continue to unload. So sad....

Rock bottom on csco must be $45, huh? there the p/e is only what 100!

I find it amusing that the longs of the thread want to blame the analysts for not raising targets on csco to and keeping it a strong buy. All the big bulls still calling the bottom. Calling for a fall rally. A fall rally why? Cause it's the fall...no other reason...Why will stocks go up? Cause they have come down so far. No talk of real valuations. Of historical norms for the market... How the S&P p/e is near 27 or so. How earnings growth is slowing. Revenue growth slowing. Historical norm 15. end of bear markets 6. S&P will be smashed. Dow too. 50% just for starters. Some on the thread love to attack me and say that I don't support my bearish case. Yet they admit they haven't read all my posts. I have been here since April quoting articles and historical facts. My case has presented over and over. But still denial.

I'm glad to see you and some other people that are on the ball come to the thread and post. CSCO is the king tech stock now. Best growth, best company. Stock still at least 3 times over valued in my oppinion. This CSCO stock is the battle ground of sensibility. Until CSCO hits bottom there will be no good long term tech buys.

GE needs to be hit as it well. It's the king of the old economy. It will be halved over the next two years.

Did you see Blodget on CNBC ? What a joker....Can't believe they still bother to even put him on the air. He says the dot.com problems should go for at least another 2 quarters. How about 2 years?

Bambs

P.S. I think we should gap below 3000 on the open monday. I wonder when the margin selling will start? Then redemptions from garbage tech mutual funds.
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