Is this thread about CSCO or politics??
Although I believe the outlook for CSCO will be very promising over the long haul, I would be very leery about adding to my position at this time. For whose that have held the stock for six months or more (as I have), you've already incurred a respectable return on investment (at todays price of $80), and this might be a good time to turn some of that "money on paper" into real money. I say this for the following reasons:
(1). The recent highs (before this Asian thing) were in the mid 80's. It might be expecting a lot to see it go above that soon after all this turmoil.
(2). After this recent "correction" we've had in the overall market, people are looking much closer at high P/E evaluations. For this reason, I tend to agree with James T.'s post (#9834), and strictly based on numbers, see COMS as a better buy in the telecommunication sector.
(3). The earnings release is coming up next week (Tuesday, I believe). In this market climate, it better be better than expected. Even some of the Tech stocks that exceeded expectations got hammered if they even hinted that future growth might not be as high as previously. And that was before Asia. If they miss by only slightly, or don't word it properly, watch out.
(4). The Asian currency problem is not over yet, and CSCO is a player in that market. We could see more of what we saw in the last week.
(5). The upgrades today has me a little worried. Often MM's do this after they are fully loaded on the stock and are trying to get the last ounce of momentum for their clients before selling. Then comes the downgrade (maybe I just don't trust them).
(JMO).
PS. Stop wasting your time arguing with Style Pt. He's too liberal to admit his politics is all screwed up. - - - On second thought, I was about to give up on my daughter a few years back when she got in with the wrong crowd. Eventually she woke up, realized they weren't her faithful friends after all, started to educate herself, even listened to talk radio (RL), started her own business, and now has an entirely new outlook on life. Maybe there's hope for Style Pt. yet. |
