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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 75.38

-3.8%

3:56 PM EST

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To: Stock Farmer who wrote (53325)	5/23/2001 8:15:24 AM
From: RetiredNow	Read Replies (1) of 77400

LOL. John, you are so easy to lure in to flowery prose! Anyway, my fundamental analysis completely disagrees with yours. This disagreement is what makes markets. When I sold some shares at $20.5 and then repurchased them plus some additional shares at $16.5, you were astounded that I was taking such a big risk on buying the shares. I was convinced that after the big bath announcement, all the bad news would be out, which would position the company for a new runup. So I was pretty happy with my decision. Well, now it's a month or more later and from $16.5, we're up almost 50%. So it seems that you should have been buying at that point. What you need to admit now is that you got caught up in the irrational pessimism that occurred directly following the irrational optimism of last year. What you and all the thread shorts forgot was that eventually markets return to rationality, which means that irrational pessimism is as short sighted as irrational optimism. I didn't forget that, especially after last year's lesson, so I made my play and am now happy I did.

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