SI
SI
discoversearch

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 : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?


To: The Phoenix who wrote (34402)4/26/2000 6:25:00 PM
From: bambs  Read Replies (5) | Respond to of 77400
 
Gary, I have conviction. I stated that I think the NAZ will see 2500 before 5000. The "so called 2900 support level" I was talking about was called on CNBC today. They said that if we break back down through 3500 again the next support level is 2900. I was just referring to this commentary.

You love to put words in my mouth. I never said that CSCO was a crap company. I have stated that CSCO is a fantastic company. That I think that the revenues and profit will most likely more than triple in the next five years. I just don't think it will go 6+ times like you. I also don't think it will trade at a P/E of 100 five years from now. I think it's way way way overvalued right now.

I'm getting sick of you attacking me by trying to twist my words or by putting words in my mouth. Are disagreement is simple you think that CSCO will have 50% year over year growth for five years and will still trade at a P/E of 100....I think you are crazy. CSCO will be dead money for at least a year or until the correction is complete and it's P/E comes into line with reality. CSCO is at the point DELL hit last April.

Chow,

Bambs



To: The Phoenix who wrote (34402)4/27/2000 7:49:00 AM
From: GVTucker  Read Replies (2) | Respond to of 77400
 
Gary, RE: bambs: Longs out number shorts buy 1 to 100.

Gary: Really? Where did you get that data?


Actually, this is pretty easy to calculate.

Using mid March data, short interest is 149,242,672 and shares outstanding is 6,937,630,000. You need to add the short interest to the shares outstanding to reflect the total number of shares owned (a share sold short is owned by two different people). Working out the math, there are 47 longs for every short. Not quite what bambs maintained, but not a gross exaggeration either.