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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 71.08+0.1%Nov 7 9:30 AM EST

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To: Hector who wrote (22233)2/8/1999 7:30:00 PM
From: The Phoenix  Read Replies (1) of 77397
 
David,

The exception however is Cisco is positioned at the nacent growth market - a market still years away from maturity. So, although the PE is high I don't thing you can draw analogies to the retracing done by JNJ and MRK. I do agree CSCO needs a breather here and a nice dip will bring in buyers from the retail sector and from institutions. This stock has show resilience in the past and will continue to do so.

One problem I continue to have with posts from Jach and yours is that you tell us that Cisco is overvalued yet you don't share with us where you would put your money. So, David do you think there is a safer play in this sector or do you feel this sector is all overpriced?

OG
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