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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.020.0%10:13 AM EST
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To: Eric L who wrote (24070)3/31/1999 11:26:00 PM
From: RetiredNow  Read Replies (3) of 77400
 
Wasn't sure if you were kidding around or not, Eric. But just in case you weren't, Gary and I and some of the others were just goofing off. Companies like Cisco have always traded with a fairly high PE. You should definitely NOT make decisions based on PE in isolation. If you invested in QCOM, it looks like you made a really great decision. Everyone has different methods of investing, be it technical daytrading or fundamental long term. I am a fundamentalist. So for the most part I buy a stock and hold until the story changes.

So if you own Cisco, you should be a happy person right now. Sure Cisco may fluctuate in the near term. Hell, if there is a selloff due to Y2K panic at year end, Cisco may even trade at half of what it is trading at now. But let me tell you the power of long term holding. If Cisco lost half of it's value tomorrow, I would still be at more than a 100% gain in about 2 years time. Others here would still be at several hundred percent gains. So who cares if it's overvalued right now. Just wait until it swings down and buy some more. But whatever you do, don't sell your good ones. Let them keep running until the story changes.

As far as Qualcomm goes, I haven't followed them, so your best guess is probably better than mine. Good luck to you!
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