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

To: lawdog who wrote (37049)	6/4/2000 1:16:00 AM
From: Ed Forrest	Respond to of 77400

Anyway, I still expect to be able to buy your csco shares for $35 (no splits). It will happen. Got 350000.00 laying around loose?You do drink to excess,don't you?

To: lawdog who wrote (37049)	6/4/2000 10:04:00 AM
From: username	Read Replies (4) \| Respond to of 77400

Back when I first joined SI, I had a favorite stock. It was ASND. It had gotten beaten up badly, and was down in the high 30s and going lower. There was a guy on the ASND thread that claimed to be short and was screaming all the time about how the stock blew chunks. He said it would never get back to 40, he ridiculed anyone that said they liked the stock, he was rude. I actually was rooting for ASND to whip CSCO, and I was not high on CSCO at all. When ASND dipped below 30 I started buying it. I ended up with a very healthy position at a basis of 26 and change. Then it started going back up. The short guy kept yapping, and I kept telling him that not only would the stock go to 40, it would go to 56. Then the stock went to 40 and then it went to 56 which was my target and I got out. Then it went to 60 and then it went to 70 and then Lucent bought it out, then it went to 90 and then everyone that owned ASND got LU shares. The short yapper guy got crushed. ASND never came back down after that big dip. I know another guy, a real nice guy, a real smart guy, that started shorting AMZN about 3 years ago. I did some research on the company and it looked really bad. I didn't short it because it looked too scary. This guy kept averaging up. Eventually he lost a very large amount of money. I recently shorted AMZN for the first time based on a TA call from a buddy of mine on SI, at 82. I covered way too early. I shorted it based mostly on TA. I've received a few PMs with guesses as to your true self. They run the gamut from high school kid to disgruntled public defender. Personally, I think you're an ignorant ex-attorney that blames his problems on other people because he can't take responsibility for his past mistakes. I think you believe that the world has done you wrong and owes you a favor. I think maybe you are drinking and looking for a fight. I think maybe you are lying about your trades. I think you consistenly lose money and I think you are not short CSCO. I think you are yapping on this thread because you are convinced that CSCO is overvalued and that at some point in the future you will be able to buy it and make money, and then say you bought it at the bottom and you were smarter than the jerks that paid fifty bucks a share. I bought it at 50 and I am making money. I'll be out at around 70 3/16 I think. Right before that I shorted it and I made money. Guys like you make my job fun. You are essential for the market. You can't read a chart, you already know more than everyone else, and you throw your money away because you know you will be right eventually, dammit. Somebody has to put the money into the market that I take out, and with a guy like you, I just love my job. At some point in the future, if you don't wise up and learn some TA to go along with your snotty attitude, somebody like me will be able to clean you out totally. I don't particularly relish taking money away from individual investors, but in the case of a snotty gutter mouthed bonehead that wouldn't be able to pick an entry point if it walked up and bit him on the ass, it makes me feel terrific. I don't have to argue with you. I can just spend your money. It's a beautiful thing. If you want to short CSCO in real life, wait for a short term top. If your trade goes the wrong way, get out, because the trend is up right now. You're betting against the best performing stock in the history of the United States, and the company that will lead this planet into the next century, when the Internet will turn into the biggest thing since the wheel. Despite whatever Wall Street thinks the price of the stock should be this month. Not the wisest choice for a short play in my opinion...but like I said, the money has to come from somewhere. Go out to dinner while you still can. Thanks, eom