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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 75.16+1.6%3:30 PM EST

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To: uu who wrote (48239)2/6/2001 11:31:48 PM
From: Mark The Trader  Read Replies (2) of 77400
 
Hey Addi ,

Remember me?? :_} Remember LSI many years ago when it went down to pre split $ 13. You used to think I was an idiot for predicting the fall from grace of that stock, but I was correct. In the most simple terms the p/e that is acceptable to these "growth stocks" should be about equal to its estimated growth rate. So that can put CSCO in the mid teens range. That assumes a 30 % growth rate. Stocks like JDSU , CIEN , CSCO , JNPR, etc etc , are still very overvalued , especially considering the market conditions.
But then these are also MO Mo stocks so the growth - p/e assumption does not really mean that much . I day Trade CSCO quite often , its one of my favorites , and I love to short it. But then my trades only last at the most an hour :_}
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