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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 71.62+0.8%11:08 AM EST

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To: Cynic 2005 who wrote (17812)10/6/1998 1:26:00 PM
From: Eric  Read Replies (3) of 77397
 
MMV

The herd was wrong back in 94 just like they are wrong for the most part today.

Cisco's fundamentals are still the best in the industry. Granted we have a darkening cloud forming over our economy beginning back in October of 97.

As with any high flying stock lots of "Weak hands" own the stock not understanding the fundamentals of the stock. Having been a long term investor most of my life I have seen in front of me many times in the past speculative bubbles form and burst. Growth stocks are the most volatile and have offered the most reward for diligent investors.

This is a bear market that all of us hoped would not happen. The damage has been done on a world scale and it will move to excess on the downside. IMHO the great buying opportunities will be coming sometime this winter. When for sure I do not know.

But one thing I do know is that there was misinformation that was released about the company in 94 that was proven false. I blamed the shorts but they were not the problem.

Point well taken.

Eric
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