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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.00+0.7%3:59 PM EST

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To: Stock Farmer who wrote (53239)5/21/2001 10:19:00 AM
From: Bicycle  Read Replies (1) of 77399
 
If one goes back and looks at CSCO stock prices and appreciation over the years, they will notice a predictable geometric rise for quite a number of years before the 'crazy season' began sometime in late 1998. A reasonable person who lacks the sophisticated analytical tools to apply a rigourous mathematical assessment of the matter could assume away the bubble bonus of 1999 and early 2000, apply some discount for the current troubles and arrive at a reasonable price today of about $36, and view the market's current price of $20 as an opportunity.

Again, assumptions must be made. But since we all have a thick layer of petroleum jelly on our crystal balls anyway, we must be prepared for some inaccuracy. Many will be surprised, some pleasantly, others not.

Anyway, I enjoy your posts. I don't worry about the value of your CSCO position, the value of your posts depend more on your reasoning and logic than the mix of your portfolio. I don't care if you have zero shares or all of them.

Bye4Now, FD.
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