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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 77.42+4.6%2:07 PM EST
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To: Jacob Snyder who wrote (25556)5/12/1999 4:24:00 PM
From: David Rubin  Read Replies (2) of 77398
 
I had the same thoughts as you, twice before in 1992 and 1994. Stock was overvalued, was hitting resistance, looked due for a fall, blah blah blah. Each time I sold half of my shares. Each time within 6 months the stock doubled.

So much for market timing. If I had held on to all my shares my sizable position in Cisco would now be worth about 5 times what it is today.

You can try your hand at market timing but if you're in it for the long term your safer staying put. Much of the time the stock market defies all logic.
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