No, Dave, your comment is worth much more than the price of admission to view this thread. Notes from the field are very important IMO. If you could prevail on your friend to post, that might be extremely valuable and interesting. I'd particularly like to hear him amplify on the relative strength of BAY vs. CSCO. I've never before revealed this publically, and I hope it does not complicate my agent's negotiations with Oprah, but I also own CSCO, and when technical guys in the field start reacting the way your friend has, my antennae start quivering. Wall Street seems to think CSCO is invincible, just as IBM once was. BTW, your friend is not the only place I've heard this kind of reaction to CSCO reps, including one instance where with which I was personally acquainted (but they went with CSCO anyway). Perhaps you could repeat to your friend Peter Lynch's famous statement to the effect that folks with real jobs had a big advantage over him in terms of selecting companies to buy, as they could learn what companies were doing well before mutual fund managers could hope to get wind.
Regards,
Larry
P.S. You may have convinced me to remove my sell order on a small portion of my BAY holdings that I'm willing to part with. Still not ready to bail out of CSCO, but they may be cruisin' for a bruisin. |
