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

To: bambs who wrote (38783)	8/2/2000 9:45:57 PM
From: Iceberg	Read Replies (1) \| Respond to of 77399

>They all realize that the tech/nasdaq party is over No "they" don't. There is no "party". What there is the FUTURE. The future IS technology. The future IS Cisco. What happens on the golf course with myopic fund managers one day out of thousands makes no appreciable difference in the ultimate outcome. I have no interest in engaging in hyperbole such as you are expounding...saying that people will "be crushed"...to use your unfortunate choice of words. Ice

To: bambs who wrote (38783)	8/2/2000 10:35:19 PM
From: JRI	Respond to of 77399

Bambs, a little success really goes to your head....although we have another 2, 2 1/2 jitter weeks here....your Nasdaq 3000 (and below and/or 3000 sticking) scenario has problems, for sure.. 1- Look at '98, '99....the Naz went down from July 15 (or so) thru at least August 15 (99), or August 31 (98)...this is seasonal weakness Bambs...sell-the-earnings, go-to-the-Hamptons...historically, this (summer) is the weakest period for tech stocks...Every fund manager knows this, and plays this.. 2- The Euro is incredibly weak. Investors are losing confidence in Japan. Dollar/Yen near highs....You are going to have a difficult time keeping the Naz down for any length of time with a strong dollar. Big money foreign money will be coming in, as soon as a bottom is reached. If the dollar was tanking, you would have a feather in your cap.. 3- Liquidity building on the sideline. It will explode in at the right time...just like May/June...just waiting for a technical bottom 4- You have a Pandora's box (that you will not solve)...The longer (and lower) the Naz stays down...the more consumer spending is going to take a hit....Housing numbers- lousy, Oil-going to $ 25 or below, producer prices- low getting lower, etc....the inflation data is moderating, Bambs, not getting worse. Growth (GDP) is moderating to below 4%, not getting worse...Greenie and crew are getting what they wanted. Greenie and crew do not want the Naz & the economy to tank...that would make them the talk of the town during the election season. Soft-landing coming....Greenie and crew will be on the sidelines...this should become clear as the August inflation data roles in (in September) 5- Now, I know you love to put forth that the soft landing will effect/is effecting tech stock earnings. You are partially right, but Cisco is immune, IMO (or as immune as any company, period). On a relative basis, in fact, if the economy slows, and OTHER company's earnings take a hit (and Cisco's don't)...then Cisco becomes a MORE attractive investment (or would you disagree with that).. The only way you are going to get what you want (total collapse of Cisco and market, Cisco hanging around at 50 for a while or below) is a war or Cisco not making its earnings/lowering forecasts....that doesn't seem to be a reasonable bet to me....if you want a good short, take a look at KO..

To: bambs who wrote (38783)	8/2/2000 11:05:11 PM
From: Techplayer	Respond to of 77399

bambs, want to bet that sentiment is completely different in 4-6 weeks and that the drop in the nasdaq is in fact a seasonal event, just like it is every year? give it a rest already. the world is not going to end. the glass is half full. it is mostly sunny, not partly cloudy. this drop in the nasdaq was completely expected and predicted. relax. start buying in 3 weeks. tp

To: bambs who wrote (38783)	8/3/2000 6:30:50 AM
From: Pigboy	Respond to of 77399

hey bambs, << They all realize that the tech/nasdaq party is over. MSFT has been cut in half. Dell will soon be cut in half from it's highs. INTC, MU, CSCO, IBM, ORCL, will all be cut in half from their 52 week highs in the coming months. >> it sounds to me like you're a short term trader or at least it seems you have that mindset. i'm sorry if i am off, but you do realize we are in the midst of a Profound revolution here, no? The WWW barely even existed 7 years ago and what we will continue to go through (the buildout of the Internet worldwide to high bandwidth) is going to be astounding to say the least. this is common sense if you take some time to listen and read what is going on around us these days. i like you bambs, even though i disagree with a lot you have to say. i have a father who is much brighter than i, imo, but i still don't think he 'gets' the Internet bc he is too locked into the thinking he grew up with and his fear of what he doesn't know that well (computers). he has seen bear markets and he doesn't understand how someone could toss money at such ludicrous p/e's these days. I don't blame him for his opinions (bc i know a lot of his past). I still think he knows four times more than I. yet, i still know he hasn't chosen to get 'it' yet with regards to the profound changes going on around us. You remind me of him and i have to tell ya, I respect ya, but ya gotta open your mind a little further to understand that the world is changing profoundly bc of the Internet. This may be all of a sudden to you, and things are moving much faster but it is a fact (imo) that the WWW will be built out massively in the next few years NO MATTER what. The new game in town is keeping growth rates, keeping or getting cash flow, following the new companies going into indexes, keeping your eyes open to competition and getting market share. Following book value and p/e's the size of growth in earnings are not working ways to jump into stocks these days. i really wish they were but they aren't imo. Sure, August may suck. It always seems to, and as many have said, this is a seasonal thing. so CSCO may hit 50 again...but i would look at it as a buying opportunity, not an 'end' to the tech revolution as we know it. don't be like my father and think that the tech revolution is overrated or it's just a 'fad'. it's not. there is a great book by Nicholas Negropante called, "Being Digital" and I hope you may find the time to read it. No, it's not the greatest book ever by any means, but it helps one to understand better the revolution we are going through and it may help to understand that we will have our ups and downs in market (thanks to the media calling the death of the PC every six months for years now ;-), but we have a ways to go before we reach places that we can't help ourselves from going to. the 'technology party' isn't even close to being over with...technology is a constant...things only get more advanced as we evolve, not the other way around. the world will be a much more complicated and advanced technologically in the years ahead than it is now. this may be a leap of faith for some, but it is true...trust me, ive grown up on pong and now i can't even believe the VR games i see kids play at home. ;-) cheers, pigboy