Cisco Systems, Inc. (CSCO) Message Board

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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 86.75

+2.3%

3:59 PM EST

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To: Jacob S. Rosenberg who started this subject	9/27/2001 10:59:10 AM
From: bambs	Read Replies (1) of 77400

I would considering buying csco at around 1.5 times sales. 2 at the most. call it $4.5 - $6 area...but, I would only buy there if I was optimistic of a recovery in the telecom sector in the next couple of years. The jury is still out on that one. I expect csco to trade down to $5. this process may take as long as 6-8 more months...perhaps even a year. When the teleco wash out is complete, when the majority of telcos file chapter 11, then we will see a bottom in cap-ex spending. as we approach that time csco will trade down to range that will be worthing considering as an investment. until that time...trade away...just don't get burned. long or short...this market is dangerous. I personally don't trade tech much at all anymore. the squeezes are killers and the warnings and declines are brutal. TA is most often out the window...inside information seems to be required to make the real money on these garbage stocks. since I don't have any inside information...I trade value. Many Gold stocks. things I don't fear holding over night. Bambs

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