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

To: Technician who wrote (36128)	5/22/2000 6:58:00 PM
From: The Phoenix	Read Replies (1) \| Respond to of 77400

OK OK... that's the third refernece to "Summer Doldurms". Yes we all know that volume dries up... but June and July have been good to techs three years running... so please - please explain what you mean by "summer doldrums". FWIW: With Cisco's float beating by a penny is huge. OG

To: Technician who wrote (36128)	5/22/2000 7:07:00 PM
From: Eric	Read Replies (1) \| Respond to of 77400

Good points but I would not short it here. JMHO!

To: Technician who wrote (36128)	5/22/2000 7:53:00 PM
From: SyncMan	Respond to of 77400

Re: beating earnings by a penny is getting old LOL. Was that a joke? It certainly was funny. Do you have ANY idea how hard it is to do what CSCO has done? Do you have ANY idea of how much Wall Street respects companies that perform consistently? Do you really think that missing estimates for a quarter would help? What are you smoking? I'm not saying that the trend might not be to 45, or 40, but it will not be because they are consistenly beating by a penny. It may well be because of your other statements.

To: Technician who wrote (36128)	5/23/2000 9:18:00 PM
From: Rob S.	Respond to of 77400

A Book I am reading "Making a Living Trading . . ." discusses what is meant by a stock's price. The author asked people who attended his training seminars and got responses such as: "Price is the worth of the company." "Price is what the stock closed for." "Price is what someone last paid for a stock." "Price is the value of the company's assets and sales." and "Price is what a willing seller is willing to take and a willing buyer is willing to pay." While the last comes close, the correct answer is something like "What a willing buyer and seller agree upon as of this minute or second". CSCO's price yesterday, last week or last year is irrelevant except in how it prejudices current buyers and sellers willingness to negotiate a price at this moment. Recent prices of tech stocks had little relevance to any normal methods of valuation. They still do. By historical standards, CSCO could drop by another 50% and still be well within the bounds of valuation "norms". Buying a stock is simply buying a piece of paper that can only be negotiated into something of value if some "greater fool" is willing to pay you money for it. At this point in time, there are too few fools willing to buy stocks and too many fools willing to sell. What CSCO is worth is whatever someone will pay you for it when you want to sell it. You can't go back to when the price went ballistic but you can wait an hope some greater fool will emerge who once again gets enthralled by the vision of quick riches.

To: Technician who wrote (36128)	5/24/2000 8:46:00 AM
From: i-node	Read Replies (1) \| Respond to of 77400

Au contriare, CSCO is an excellent short here A person would have to have lost his/her mind to short CSCO right now.