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

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

CSCO 71.08

+0.1%

Nov 7 9:30 AM EST

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To: Wyätt Gwyön who wrote (169)	11/28/2000 12:02:12 PM
From: bambs	Read Replies (1) of 253

Mucho, The only reason that I brought up the phoenix call on LU is because he posted that it was a good long term buy at $50 with little downside risk. He has also posted all year very similar comments about csco being a great long term buy. My point was simply that he was wrong on LU and wrong on NT. He was the one that wanted to argue that he sold and made money so it was a good trade. I don't care about any of that. The point is that people that clearly don't have any understanding of the risks of buying stocks like LU, NT or CSCO should not be posting about little downside risk and calling the bottom all the time. I feel these kinds of posts are reckless and could lead some inexperienced investors to have false confidence in stocks and hold or buy more on dips and hurt themselves. CSCO will prove to be a terrible long term investment for those that buy and hold at these levels. NT doesn't even make a profit for shareholders. Where is the bottom on these pig stocks...who knows...Phoenix doesn't that's for sure. But the problem is that posters like him that are very knowledgeable about csco products and accounting rules etc...create well informed posts that make them appear wise. The problem is that knowledge about a company and it's products or sec filings doesn't make someone wise about the market. The macro economic factors going on in the world right now will smash the dow s&p and nasdaq in the coming years. All stocks will be smashed...stocks with p/e's of 130 and 7+ billion in outstanding shares will be terrible investments. In conclusion, I don't care if gary makes or loses money on any trade. I just objected when he showed up on the NT thread when it dropped to $50 from $66 and said he was buying...talked of long term buying..talked of the products and the futures....said things about it being over sold and over done. Calling the bottom basically. Then it trade to $31 and got a dead cat bounce that we see today. It's time for traders like him to stop calling the bottom on these dying stocks and keep their advice to themselves. Let them damage their own portfolio's. "little downside risk" WRONG "long term buy" WRONG! bambs

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