No, I think we will see $63 soon , back to where we were before thelast split.
Remember, last October we had the Asian Financial crisis and the Financial melt down of Russia. This time , it is the analysts, and CNBC talking about valuation, while we had a economic growth of over 5% last quarter , and Asia is under recovery, and the earning and revenue of CSCO is accelerated.I did not see a slow down of the economy, and the productivity of US is continuing to be improved, while interest will be held low without inflation. Especially in the second half of 1999, to first half of 2000 when Asia's recovery is in its full speed, we will see the world economy getting even better. Well, I do not know why these
analysts predict that DJ will down to 7600 this time, and that CSCO will down to 63.
The only thing I can think of to back up these kinds of prediction is these analysts
need to keep their jobs, and continue to have a pay check from their bosses , who are
the big boys want to get your shares cheap, and these guys from CNBC probably also
draw part of their pay checks from these big boys. Well, you know, you always have to serve your boss right, or you won't have your pay check tomorrow !!!!!!!!
Business as usual, next week the analysts will raise earning estimation of CSCO and
issue a strong buy rating on CSCO , and CSCO bounces to $150 in three weeks, and stock got 2:1 split.The same thing just repeat over and over by itself.
Analysts downgrade-----> Stock get hair cut -----> Big boys jump in , small investors got kickt out ----> Analysts upgrade the stock to strong buy -----> Small investors jump in ------> Stock start to bounce fast --------> Repeat the show all over again !!!!!!!!!!!!! |
