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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 79.27-1.2%3:59 PM EST

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To: SouthFloridaGuy who wrote (17590)10/2/1998 11:10:00 AM
From: The Phoenix  Read Replies (1) of 77400
 
Puff,

If you hold onto your cash now you'll miss the growth market in 99. Yes, we're retesting the 7400 low. Now, I must admit I didn't believe we would many folks predicted the retest. What does this mean? I believe it represents a great buying opporunity and holding onto cash now will not keep you ahead of inflation - in fact quite the opposite since the dollar is weakening as well.

You earlier commentary pointed to overspeculation as the attribute which would turn the market sour...and even though the market is off the reasons are global economic issues and have nothing to do with everyone believing in overvaluation. So, even though you held onto that post for 2 months to repost it - you're still wrong.

Puff...hold that cash and next year lets compare our asset valuation. Looks like Cisco is doing fine this year to me.

chart.yahoo.com

OG
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