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

To: SyncMan who wrote (35389)	5/10/2000 9:20:00 PM
From: Monty Lenard	Read Replies (3) \| Respond to of 77397

SyncMan, I think any company selling for the pe's and price to sales ratios companies like CSCO are selling for will have to AT THIS POINT be included in SPECULATIVE stocks. Not that CSCO is a bad company. I think anyone who said they were a bad company needs their head examined. They are a great company. The problem is that people have bid the price up too high. I don't care how good they are ... One other thing ... an elderly gentleman told me one time...."When the police raid the cat house ..they take the good girls AND the bad girls" The undervalued and great companies will go down also. One of the crimes is the analyst and TV stars (CNBC) who keep hyping these stocks when they very well know they are overvalued. Only after the blood is running pretty deep do they PRETEND that they said differently. One other thing that I think people best remember...the leaders of today will not necessarily be the leaders a few years from now. This is especially true of tech stocks!!! I may be wrong by a couple of companies here but if my memory is correct GE is the only Dow component that survived all the years since 29. GM maybe but I don't think so. Have you noticed how the brokers et al pull out charts going back 50 years and talk about how if people had just held they would be so many dollars ahead. That is PURE BS. The components of the DOW, S&P etc are changed constantly to preserve that LOOK. Just go back and check to see how much money you would have made if you owned all the Dow or S&P or Naz 100 ORIGINAL components. Monty