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


To: SyncMan who wrote (35189)5/9/2000 10:40:00 PM
From: lawdog  Read Replies (1) | Respond to of 77397
 
Sync, the analysis has never been put into one post but the pieces are out there. The stock is overvalued based on future cash flows and logic. The greater fool theory is the only reason I can think of to assume that you will make money on CSCO at this point. That does not mean that you will not make money on CSCO if you buy it right now. It does mean that it is very risky. I believe that this qualititive measure of risk completely offsets the potential return in CSCO. To refer back to a prior post, if you put you money on the roulette wheel and win, did you make a bad decision. If you gamble and win does that make you smart. The law of large numbers says you may win a few times but in the end it will even out.

I don't mean to bash on CSCO. I really have the highest respect for Chambers and the whole company. They are something that America can be proud of. It is easy to get caught up in the shenanigans on this thread and lose touch with the important purpose of SI, which is to exchange ideas.

Chest beating and SI just seem to go so natually together but it does not have to be that way.