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Strategies & Market Trends : Bill Wexler's Profits of DOOM

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To: Bill Wexler who wrote (3244)10/1/1998 8:31:00 PM
From: Bill Wexler   of 4634
 
A note about CSCO.

Another no-brainer growth story. I was amazed and amused that CSCO (besides reacting to the generaly bad market) was negatively impacted by the bad news about FORE.

The only other time I can think of when high-quality equities were given away at such fire-sale prices was the Oct. 1987 hiccup - or maybe the 1990 "end of the financial world as we know it" decline.

As far as banks and financial services are concerned, I'm also seriously considering adding BT and WAMU (I'm already accumulating AXP). I'm still on the fence with CCI.

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