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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 77.37-0.6%3:59 PM EST

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To: chic_hearne who wrote (45155)12/20/2000 2:29:31 PM
From: Monty Lenard  Read Replies (1) of 77400
 
Chic I am sitting here 100% cash for the most part and just seeing some that fundamentally are getting where I KNOW they are worth certain prices. I am only picking a select few that I will feel very comfortable with owning at those prices.

Just like IP. When I bought IP at 26 ish I did not have to do much FA analysis. I looked and it was trading at 1993 prices and I said "Monty this company just HAS to be worth what it was in 1993" :_)

So I bought some. I bought GLM at 7ish when no one wanted os stocks because oil was going away as a commodity. XOM at 70 etc. When you can buy stocks at those prices you may have dead money for a while but you don't have to worry about doing a lot of calculating. :-)

Well that is what I am doing with my price targets on some of these. If they blow thru my targets and I get filled I will KNOW I made a good deal even though it will take others a while to figure it out.

Monty
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