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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 233.22+1.8%Nov 28 9:30 AM EST
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To: H James Morris who wrote (129742)8/8/2001 5:31:36 AM
From: GST  Read Replies (3) of 164684
 
CSCO has no profit, a negative sales growth rate, no prospects for turning around in a market where future technology trends and margins are highly uncertain and yet it has a market cap of $141 billion -- there is a lot of downside left in this market, and CSCO is a good example of the "beaten down" stocks that could get a lot more beaten down before this is over. The market got so use to overpaying for stocks, it has yet to come to terms with "fair value" -- and for CSCO fair value is in the single digits.
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