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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 71.08+0.1%Nov 7 9:30 AM EST

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To: Mark The Trader who wrote (50116)3/16/2001 10:10:43 PM
From: Wyätt Gwyön  Read Replies (1) of 77397
 
yes, 2.50 seems too low, although not for the reason you state. i still think $6 is an appropriate level for entry. your "many funds own this so it can't go down" argument is out of step. the past year should've taught you that all the king's horses and all the king's men can't stop fundamentals from mattering. besides, if the "vested interests" argument were true, then at this point it is shutting the barn door after the horse has left: after all, cisco has already lost more than 75% of its value--an amount greater than the current market cap of the most valuable co. (GE).
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