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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 71.43

+0.5%

9:54 AM EST

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To: Harold S. who wrote (51872)	4/19/2001 10:43:14 PM
From: flint	Read Replies (3) of 77397

I just shorted Cisco. Where will the mob take this stock in the next 8 months? I believe the reason so many small investors got slaughter is because of foolishly making targets. Nobody likes admitting they were wrong. Rather a bull will watch his money disappear (it could happen to bears). I might lose a dollar, regroup and try again. I may even gamble after a sharp fall and go long. Where this worthless stock ends up in December I do not care. What I do believe is the bulk of speculative investing capital is packing for retirement to Florida. I believe Cisco will never be able to pay a dividend that would attract an aging baby-boomer. The outflow of money from mutual funds will continue for 20 years. The question is not whether the tech sector will survive. The question is can they serve a retiring baby-boom generation. No dividend potential means the mother load of investment capital will continue to flow out as the people grow older and older. If this stock hits $60 I predict that will be the 10 year high in 2011. Flint

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