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

To: Techplayer who wrote (36235)	5/23/2000 4:45:00 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 77400

ko is absurdly overvalued. a projected 20% growth rate is utter nonsense. they are more likely going to grow in single digits. however, in a mania, anything can happen. this mania appears to be winding down, though. stock prices represent emotion and when folks get depressed... current stock jocks will be hurtin' badly. you use business sense to buy businesses and you always consider alternative investments. you don't buy something at any price b/c it is "good." you don't buy stuff b/c the market ALWAYS goes up no matter waht the price. you don't buy stuff on hype alone. you don't buy ipos b/c they ALWAYS go up. you don't buy and hold b/c that is GUARANTEED to bring riches. you buy businesses. those businesses provide an ROI w/ some level of associated risk. you discount (not reward) such companies. it will be a sad day to see this monster mania market unwind. it is too bad that folks got so irresponsible (greedy!) as to let this behemoth get so big.