Cisco Systems, Inc. (CSCO) Message Board

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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.37

+1.3%

3:59 PM EST

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To: Techplayer who wrote (45416)	12/27/2000 8:53:10 AM
From: Wyätt Gwyön	Read Replies (1) of 77400

If they hold shares that are up 3-500% or more, what have they lost? If they are up 300% now (basis of $10), then they were up 740% when CSCO was at 84. Sounds like quite a bit of a loss. Put another way, they were up 74 points, but now are only up 30, so they have lost more than 60% of gains. They can continue to hold for retirement and still beat the daylights out of trading You assume the stock will go up or at least not go down. I have heard that from so many Dell fans and it is really sad. People's investment decisions tend to be clouded by tax considerations. Just a couple months ago, when Dell was in the low 30s (late Oct/early Nov), a friend was saying he'd like to take some Dell off the table, but the tax bill would set him back to the equivalent of Dell 24. "Dell will NEVER get as low as 24," he said. So it goes. Now Dell is half the price. This is an anecdote of the Long-Term Buy & Hold chronicles.

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