Duncan-
As one who is sensitive to the suffering of animals, I would never search out the beef, but I do wonder where, say, the tofu is. I also bought last spring (at $56 1/2) but sold half my holdings today at 90 9/16. Partly I wanted to pare down- indeed almost eliminate- my margin debt which I incurred by buying during the recent selloff, but partly I'm just nervous about CSCO. Are they really smarter than, for example, BAY (where, FTR, I also am long) and thus can truly justify their- what is it- 8X (?) PSR vs. BAY's 2.5 (have not checked these numbers, but they're not too far off). Over on the BAY thread, "Cruiser", a Bay employee who IMO is a credible source, reported a "rumor" that BAY has recently replaced "Crisco" in two large accounts.
FWIW, I habitually sell too early,
Larry
P.S. To the best of my knowledge, Bay Networks has not opened an edible oils subsidiary, but if they have, I've undoubtedly just made a terrible mistake.
P.P.S. BP, if you run across that article about $90 stocks, please post a reference. In my limited experience (I tend not to hold such pricey stuff) that tends to be true- the significant question is whether it's any more likely than $45 stocks going to 50. |
