Boy, I just broke down and joined SI, and came to look at this thread that I have periodically followed for a year or so. I was wondering what happened to "Style Pts.", and his bloated pig references. I guess, StockMan, that you took his place.
I have been long CSCO for over four years, and except for brief trading periods last October-December, have held fast. I bought more in April 1997, when CSCO, "...was going down to 25..." I myself thought that 85-90 by last Christmas was fully valued. I never expected in the 120's by this time (split-adjusted) in my wildest dreams. But what is this talk about being overvalued?
Valuation is what people are willing to pay. It is why ATHM is 52 with a price to SALES of 450. CSCO is not cheap. If CSCO retraced back to 80, I would not complain one iota. I would not buy anymore CSCO in the near term above 87, just on a hunch. Is that fairly valued, StockMan? Where would you buy this stock? Sounds like you would never buy this stock anywhere, and if this is the case, surely you can't expect many to give any credibility to your posts. As much as I hate some stocks, almost every stock has a buy point for me.
Please let me know, and everyone else, too.
And where is Style Pts.? Avoiding margin calls?
Regards,
G |
