**OT INTCfan**
Thank you for your reply. Actually, I have been concerned about CSCOs rise for a while now. It seems CSCO has become one of the stocks everyone seems to be recommending and I'm not sure how healthy this is. Not that I don't think CSCO is a great company will a real future but that it seems a lot of new people are just getting in and if CSCO stubs its toe, will panic and dump their shares.
One, the main, reason I did not hesitate to sell most (but not all) of my shares in CSCO is because all the shares are in my IRA, meaning I do not have to worry about paying tax on my gain; except for the commission, all the funds can be reinvested. Had CSCO been in a regular account, I would not have sold any but, as you suggest, buy more on a dip--which is impossible with my IRA because I can't just decide to throw in money when I want.
Yes, I still like CSCO, otherwise I would have sold all my shares. I fully intend to buy more shares later, for my IRA (as well as in my regular account) but since I started feeling uncomfortable, I felt it was time to do some selling, for the first time in 8 years. Some of the money was moved into more EMC, another stock I like for the long term.
Re following the advice of VG, I decided to see what she was saying lately yesterday purely out of curiosity, nothing more. If I had not already sold those shares of CSCO her comment would not have played any role in my decision to sell.
Thanks again for your input-
Lynn |
