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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 76.40-0.8%10:54 AM EST

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To: JeffT who wrote (57731)2/20/2002 12:13:24 PM
From: Stock Farmer  Read Replies (1) of 77400
 
I'll bite. I think cisco could hit single digits before this is all said and done.

I also think it could hit $30 before this is all said and done too. That is, a bag & a half bag. Take your pick.

Nothing to do with Enron or NYP or any other "news". Everything to do with risk-weighted present value of expected dollars of profit out divided by certain dollars of capital in.

As important to the New Economy as it ever was to any previously new Economy that came before. The process by which the market realizes this fundamental facet of investment as important is somewhat irrelevant. IMHO.

Unfortunately, I haven't got a clue how long the process will take. The speed with which we have come this far was faster than I anticipated eighteen months ago and one year ago. My money's where my mouth is and none of my bets are placed with time as a dependent variable.

But something inside me says this will end up being a long, slow, grinding process.

At least I hope so, or (says the same little voice) we're in for some deep deep doo-doo.
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