To: lawdog who wrote (35177 ) 5/9/2000 10:07:00 PM From: SyncMan Read Replies (3) | Respond to of 77397
BTW, I owned thousands of shares dating from 1997. CSCO made me a very wealthy man and I am quite thankful. A few houses, sports cars and European adventures were bought with sweet CSCO appreciation. CSCO paid for law school. Some sucker reading this thread right now bought my shares from me. Thank you. CSCO stock had a great future then and its valuation made it nearly riskless. It has an average future now that is riddled with cracks. That's good lawdog. I don't really care, but I'm very happy for you. Making money is good. Losing it is bad. This seems self evident. I'm sure you are happy for other people like you who have made money owning Cisco. My analysis then was right on the mark. I came very close to pegging the share price of CSCO 3 years in advance. I'd say that's pretty darned good. I was right then. I'm right now. CSCO is high risk and the expected value of the return on CSCO is ZERO for the foreseable future. Wow. Now we can talk. I like it that you used the word "analysis". I haven't seen any of that from you. I must admit that I wasn't reading 3 years ago, so that was my fault. Lately, what we've been reading hasn't been analysis, I think you would agree. Saying your right must feel wonderful, but it doesn't actually do much for me as reader. I would agree that CSCO (and most funds at the moment) are high risk (in this inflationary enviroment). When you say "expected return", I must assume you mean yourself, as shareholders certainly don't think the expected return is Nil. And "ANALYSIS" would tell us why. Perhaps it's just the very high PE? Me jealous of you. Don't think so. That is good. You have no cause to be, I assure you. Jealously is surely a wasteful emotion. We should all live our own lives as happily as we can.