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


To: Midnightsun who wrote (36666)5/26/2000 8:02:00 PM
From: bambs  Read Replies (1) | Respond to of 77400
 
I glad you got in early and are up huge dollars. You were smart enough to get in early and ride these stocks up. It's too bad that they are all 30% to 50% from there highs now and looking like they could go lower.

As for daytraders...I'm just arguing with Ed because he thinks that daytraders can't make good money and do it 4 out of 5 days a week. He's wrong. I never brought up what I make or what kind of success I have until I was attacked by both him and Mike. When a failure like Ed attacks me and says that my profession is foolish and that I am sure to fail at it like he did I take offence. Why don't you pipe up when you see jerks like him attacking me.

Gary says I only post negative news...that's true...the longs here only have good things to say and post good news. So what? I just like to discuss where I think the market and CSCO are going. I see CSCO and INTC holding up this market. I don't need the market to go down to make money. I have made much more longing stocks like CSCO, MSFT, INTC, B2B stocks, Biotechs, and even .coms then I have made shorting...Shorting is much more difficult. But as a daytrader when the trend is down it's the only way to make money. If I only longed I would be like ED and unable to make money 4-5 days a week. I would suck as daytrader and have to go back to being a network consultant. I worked for years as a Microsoft and Cisco Engineer. I love tech. Tech has given me my lively hood. First and a consultant and now as a trader.

I will continue to defend myself against the attacks here and continue to post news and give my opinion on CSCO.

Bambs



To: Midnightsun who wrote (36666)5/27/2000 11:51:00 AM
From: bambs  Read Replies (2) | Respond to of 77400
 
Here is a great quote from Jessie Livermore

The top is never in sight when the vision is vitiated by hope. The average man sees a stock that nobody wanted at twelve dollars or fourteen dollars a share suddenly advance to thirty-which surely is the top-until it rises to fifty. That is absolutely the end of the rise. Then it goes to sixty; to seventy; to seventy-five. Whereupon the average man, who never thinks of values but of prices, and is not governed in his actions by conditions but by fears, takes the easiest way -- he stops thinking that there must be a limit to the advances. That is why those outsiders who are wise enough not to buy at the top make up for it by not taking profits. The big money in booms is ALWAYS made FIRST by the PUBLIC -- ON PAPER. And it REMAINS on PAPER!

Mr. Midnightsun, I'm sure will not lose your profits but many others don't have a average price like yours $6 bucks is great. How would you feel if you bought between $55 and $82 on the advice of SI CSCO thread longs and foolish analysts. It's those people that I worry for and for their retirement.

Bambs