Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?

To: Chuzzlewit who wrote (12057)	1/5/2000 3:27:00 PM
From: Zoltan!	Read Replies (3) \| Respond to of 21876

>>In other words, you have no rationale for CSCO's current price, and rely instead on true vision and visceral vision (sure sounds like 'gut feeling' to me). That may be fine for you, but as a charter member of that class of investor who weighs such issues as potential reward, risk and price in the investment equation, I must pass. It might interest you to know that virtually every major internal investment decision made by major companies (including CSCO) relies on just those parameters you dismissed as myopic. The greater fool theory relies on buying an investment knowing that is overpriced in the belief that a greater fool will come along and pay a higher price for it. But the greatest fool of all pays no attention to valuation whatsoever. >>Chuzzlewit, it is practically impossible to justify buying CSCO based upon any rational discounted cash flow model. Message 12473850 That is true of LU too. I'm surprised that Chuzzlewit hasn't seen that. The best rational for LU seems to say that it's cheap relative to Cisco. But the market isn't buying that line. It didn't work for BAY, COMS, FORE, CS et al holders in the past either. Since Chuzzlewit cannot justify LU's price by the methods he prescribes then he should follow that advice and sell LU.

To: Chuzzlewit who wrote (12057)	1/7/2000 10:35:00 AM
From: TigerPaw	Read Replies (1) \| Respond to of 21876

the greatest fool of all pays no attention to valuation whatsoever If I might butt in a moment, it can also be a matter of relative valuation. As the internet - digital age takes hold I think there is a good chance that many traditional companies will shrink. I would rather pay too much for something I want, than to buy something I don't want because it is a bargain. In the end I feel I will own a part of something that will still be in business when I retire. TP

To: Chuzzlewit who wrote (12057)	1/12/2000 11:19:00 AM
From: Zoltan!	Respond to of 21876

>>....but as a charter member of that class of investor who weighs such issues as potential reward, risk and price in the investment equation, I must pass. It might interest you to know that virtually every major internal investment decision made by major companies (including CSCO) relies on just those parameters you dismissed as myopic. The greater fool theory relies on buying an investment knowing that is overpriced in the belief that a greater fool will come along and pay a higher price for it. But the greatest fool of all pays no attention to valuation whatsoever. Imagine that coming from an AOL "investor"! Chuzzlewit - no. Chutzpah - YES.