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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.32-0.1%Jan 30 9:30 AM EST
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To: mauser96 who wrote (25928)5/21/1999 3:06:00 PM
From: Jacob Snyder  Read Replies (2) of 77400
 
re: Easy money.

Not easy. Remember the fear at that time? In October 1998, there was a lot of serious discussion about the possibility of a series of hedge fund margin calls in the U.S., emerging country currency collapses, and big bank failures in Japan, all at the same time. It took courage to buy high PE growth stocks in the face of a massive selloff.

I didn't get any CSCO then, because I was loading up on far-out-of-the-money AMAT 2001 calls.
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