CSCO - where's the bottom?!?!? Bear Thread Message Board

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Technology Stocks : CSCO - where's the bottom?!?!? Bear Thread

CSCO 73.99

+3.1%

3:59 PM EST

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To: t2 who wrote (141)	11/27/2000 9:16:49 PM
From: bambs	Read Replies (1) of 253

well that was a fun read.... CSCO is now, what we traders like to call, DEAD MONEY. CSCO is simply churning in the $50's and waiting. NT will get back in it's hole....INTC too. Take that to the bank. CSCO has seen it's last quarter of higher growth. The down trend is just begining...LU, NT, DELL, it's the same trend all over again....when growth stocks stop growing faster they die. A long slow death. It happens over and over again. P/E is and actual 100+...3 out of the last 4 quarters had actual earnings of 11 cents. When is the actual p/e going to come down to 50....how do you see CSCO making the transition from a high growth company to a value play? The fact remains that csco will not be able to meet the goals set out by the jokers that set target prices in this area on CSCO. Give me some numbers....tell me why csco is a long term buy at this level. T2 you seem like a good egg, but you have to get realistic. This stock is so over valued it's crazy. I wouldn't pay $25 for CSCO if I had to buy and hold it for 5 years. Let history be your guide....save yourself some money...don't ride your stocks into the ground. I am not short csco or any other teleco at the moment. I would love to see it rally to $200 but it ain't gonna happen.....The fact is this is a bear market that is just getting started. The DOW and S&P will be cut in half in the coming years. These fat bloated pig stocks like CSCO, NT, INTC etc...will be smashed. Those that buy dips and nice tricks that worked in the past years will be ruined. It's a losing game...everything you learned that made you money in the bull market will kill you in the bear market. bambs

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