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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 77.42

+4.6%

2:07 PM EST

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To: The Phoenix who wrote (23198)	3/1/1999 2:11:00 PM
From: Bob Davis	Read Replies (4) of 77398

Gary, I do understand your point about "jach's" posts. To quote Winston Churchill, "A fanatic is one who can't change his mind and won't change the subject." However, I do commiserate with his long-term feelings about CSCO, and with his being wrong in the past. To admit that there is "egg on my face", I initially published "The Pillars of NASDAQ" article last fall, before CSCO set off on its run into the stratosphere. But my "self-egging" was based on value-investing, a philosophy which does not always work in the short term...but is deadly accurate over the long term. With that said, it is very unlikely that I will "load up" in the high-70's, since I value the stock somewhere in the $50 to $65 range. But, if it doesn't get there in the proverbial "next week and a half", I'll move on to another. After all, stocks are like busses - there will be another along in fifteen minutes. Bob Davis The Napeague Letter napeague.com

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