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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.03

+0.8%

Nov 14 3:59 PM EST

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To: RetiredNow who wrote (23109)	2/27/1999 2:55:00 PM
From: jach	Read Replies (2) of 77399

<I still think Cisco is overvalued. But I absolutely refuse to sell any of my shares. Rather, if we see Cisco hit $80, I will load up the truck> why hold on, if you think it's overvalued? Just a reminder that almost everyone knows already, but a lot of times not really followed. That is, not necessarily good to have too much exposure to one area or one stock, may be up to 5% of portfolio. I think if the mkt turns south csco will hit between 60 and 80. Also there is a possibility that when they release to SEC next time, they might include what many companies had been including in their reports; that is SEC is looking into past acquisitions. If that's the case there is 10% to 20% downside risk. Considering the mkt is not that stable especially in the high-tech area, the downside risk is much higher. Adding to those, summer is rolling in and with that the typical summer doldrums of high-tech stocks. So, at this point potential for downside far outweights the upside.

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