Vision, very interesting that you pick MSFT. That was my favorite in 87. I currently monitor CSCO (and compare to JNPR) to diagnose market direction. I thought it was going down today and mistakenly dumped it. It then jumped up like JNPR often does(I call it jumpin juniper), but I think this was because of some rumour spread about acquiring some other company. However, it has not yet fallen since the rumour was denied. I stopped tracking MSFT after the wigwags denounced it as 'old economy' and later it became the subject of antitrust investigation. I favor CSCO for market direction and for trading because of several reasons 1. I have yet to hear any analyst who does not like their space. 2. They are the leader in their space. 3. Everybody I know has some shares and like MSFT in the old days lots of people work there (I know of one newlywed I met at a local dance and I heard from my satellite guy about this guy that makes router boards or some such thing and he said he threw this PCB at him and said 'See that, thats $150,000 right there' He was throwing them around like they were nothin!). 4. They have enough shares to go around. I think there are enough that every person on earth could have one, at least so I have heard. I dont know why everybody doesnt just buy one share, for petes sake, you can get one for less than twenty bucks. Two christmas' ago my wife was telling everybody to get one share as a christmas present for their kids, like from santa, and that they would be glad they did when they got old(maybe pay for their college education or retirement or something). 5. Back then they cost a lot more that today so it must be a bargain! Have you heard the old (real old) saying so goes GM so goes the country? Well, I think in these days of new economy, that so goes CSCO so goes the world. I really do not understand why Chambers has been so negative this year like Ballmer was some time ago when he said he thought MSFT cost too much.(After all, what can you get for twenty bucks anymore? Lunch? (that reminds me, the only negative thing I have heard about CSCO is that JNPR might eat their lunch and I have heard lots of analysts deny this will EVER happen)) Just one last thing, I dont understand why Chambers just doesnt split the stock one more time and give the extra share to like just give one to each and every person in the wide world earth. Then everyone could just bid the price up and there would not be anyone who was not participating in the economic recovery.
Sorry for such a long post, I just had to get this off my chest. Just one more thing. I just remembered a real special time, two years ago on my birthday my wife and I went to Turkey and you would not believe how friendly and happy and progressive(plus prosperous) this country has become, I was last there many years ago. Anyway, everyone was saying that everyone in Turkey is a millionaire. I am too because I've still got a one million turkish lira note. I think CSCO could do this for America if Chambers took my advice.
PS I would have had a 5M note but my wife just HAD to have a cup of coffee at the airport (cost me 2.5 not including tip and it was the worst coffee I ever had think it was sanka).
PPS I just looked at CSCO and while I was writing this it has dropped from 19.60 to 19.42. I guess that means buying opportunity! Gosh havent said that in a while.
Cheers and good luck |
