CSCO - where's the bottom?!?!? Bear Thread Message Board

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Technology Stocks : CSCO - where's the bottom?!?!? Bear Thread

CSCO 73.11

+0.3%

Oct 31 9:30 AM EST

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To: Monty Lenard who wrote (243)	9/28/2001 6:22:01 PM
From: James F. Hopkins	Read Replies (2) of 253

I'm like you only I don't know what any stock is really worth, I guess it's just what you think some sucker might pay in the future. Some people will look at book value and such but that changes with the wind. Any way in my years kicking around I've found "book value" of most business are exaggerated to high heaven so the bank who loans the money on them can carry a good looking balance sheet. When and if the real crap hits the fan and the stuff that makes up book value hit the auction block it will be lucky to bring 25% of what they say it's worth. I just bought some property the Local tax people valued at 12K for 5K , so much for Book value. :-) -------------- The Nasdaq crooks have changed the rules after the fact to where they are going to let the under $1 stocks stay listed. They should have their heads chopped off, we need to get rid of all that garbage or this market don't have a chance. They put it on hold until Dec.. Also the NDX which should have tossed out the junk today is now putting that off until DEC. --------------- I see no need to rush into anything before they carry out all the garbage. I have a few sick puppies ( mostly qqq 2003 leap spreads ) but I'm over 70% cash and bonds. Jim

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