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

To: The Phoenix who wrote (36891)	6/2/2000 12:35:00 AM
From: Archie Meeties	Read Replies (2) \| Respond to of 77400

I think the point is that CSCO has a 1:1000 chance of sustaining an expansion of its hypervalued ratios and about a gazillion:1 chance of testing the mid forties. If this beast rallies tomorrow, and I expect everything to rally tomorrow, it needs to be sold vigorously and shorted with abandon.

To: The Phoenix who wrote (36891)	6/2/2000 7:13:00 AM
From: GVTucker	Read Replies (3) \| Respond to of 77400

Gary, RE: Cisco has historically doubled - or more - every year for I can't remember how long. How is this equivalent to a fixed income instrument generating returns of .... what... 7%?? First of all, I never said equivalent, I said competitive. And return isn't the only part of the equation, risk is also. As rates rise, the risk/return features of a fixed income instrument are more attractive versus the risk/return features of Cisco stock. Perhaps not enough to get you to sell your stock and buy a bond, but others do not have the same risk parameters as you. Second of all, the fact that Cisco has doubled every year for the past few years is irrelevant. A stock's historical return has very little correlation, if any, to a stock's future return.