SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 73.87-0.1%Jan 9 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: chic_hearne who wrote (48483)2/8/2001 1:39:46 AM
From: American Spirit  Read Replies (2) of 77400
 
Shorts have to be very careful about their degree of irrational exuberance. So far no major stock has fallen through the cracks. LU is the closest thing and their numbers were ten times as bad as CSCO's, if "bad" is the word. Frankly I think 48% growth with almost zero business in December is very respectable. Most companies would give their eye-teeth for such numbers. CSCO should hold unless there's a severe worldwide recession and no recovery anytime soon. Already down 65% while MSFT, IBM have hardly gone down at all. I admit IBM was always a better value with a much lower PE but I just wonder about the ironic rule that when everyone is most bearish that is the best strong buy signal you can get. And vice versa. And are there really that many sellers in CSCO left? I have 300 shares bought at $34 and I'm in no hurry to part with them. I know I missed the bottom but what has really changed in one week? Nothing but short's confidence, all on a penny miss. Makes one wonder. And please forgive me but I take shorts promises of another 50% drop in CSCO with an enormous grain of salt. I'm sure there'd be no one left to cover before we're halfway there. In fact many shorts covered today. Many many. Finished up more than a point form the day's bottom. So someone's buying. Ditto SUNW which has even less reason to go down from here with its PE of 40 and growth of around 30%.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News