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

To: Monty Lenard who wrote (35388)	5/10/2000 9:00:00 PM
From: SyncMan	Read Replies (1) \| Respond to of 77397

The money lost by speculation alone is small compared with the gigantic sums lost by so-called investors who have let their investments ride." and "The recognition of our own mistakes should not benefit us any more than the study of our successes. But there is a natural tendency in all men to avoid punishment. When you associate certain mistakes with a licking, you do not hanker for the second dose, and, of course all stock market mistakes wound you in two tender spots....your pocketbook and your vanity. But I will tell you something curious: A stock speculator sometimes makes mistakes and knows that he is making them. And after he makes them he will ask himself why he made them; and, after thinking over it cold-bloodedly a long time after the pain and punishment is over he may learn how he came to make them, and when, and at what particular point of his trade, but not why. And then he simply calls himself names and lets it go at that. Of course, if a man is both wise and lucky, he will not make the same mistake twice. But he will make any one of the ten thousand brothers and cousins of the original. The MISTAKE family is so large that there is always one of them around when you want to see what you can do in the fool-play line." Certainly, Monty. But even thought it was definetly a mistake to watch IOM drop from it's highs, it is certainly possible that Cisco is not in the same boat. People talking about the dot-com certainly would not in general be talking about Cisco. Some of Cisco's biggest buyers of Cisco equipment are GE, Wall Mart, GD, IBM, etc. It is trying to get in the market (with some success) of selling to Sprint, Worldcomm, SBC, etc. It certainly seems to be a company on the rise. Of course, the same can't be said of it's stock, at the moment. :)

To: Monty Lenard who wrote (35388)	5/10/2000 10:34:00 PM
From: bambs	Read Replies (2) \| Respond to of 77397

Monty, I've read a lot over the last couple of years, Livermore is a favorite of mine. I agree that we have 90% bull market traders pumping these over valued stocks. The buy the dip mentality is going to kill many before the year is over. All most people know is buy the dip and hold. Many traders aren't used to taking losses and as a result they aren't cutting them now. Margin is still a major concern of mine. I see many traders still behaving like it's a bull market. The screaming and cheering and buying in my office today as the market bounced was shocking to me. The big bulls in my office were convinced it was the bottom and bought it up big. They quickly looked shocked as we crashed back to the low of the day. Soon, even they will not try to buy the dip. Soon, they will dump and cut losses. The trend is my friend and I see lower lows and lower highs. It's unfortunate that it make take a full year or more for this drama to play itself out. After the first big drop in 1929 it took nearly 2 full years to hit bottom. With interest rates on the rise, government debt, personal debt and lock up periods ending on many big market cap stocks, I am really worried about how bad it may get through the summer. I would like to just get the tankage over with so that the wealth effect will be sucked out and we can try to continue business as usual. I don't want to see interest rates rise too far. I worry about it going too far. It seems that it has to be done though...better to take our medicine now before the house of cards gets built too high and the pain of a correction becomes intolerable. It's funny, I'm in cash and have been since NASDAQ 5000+...and I'm scared! Scared at how badly people are going to get hurt and how it will change our standard of living. I worry about too much pain for the general public. There are going to be many people that wake up in the coming months and realise that they are going to have to work another 15-20 years not the 5 they were planing. Things may get down right depressing. Best of luck in the coming days, Bambs