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


To: Yogizuna who wrote (39422)8/12/2000 2:34:29 PM
From: LindyBill  Read Replies (1) | Respond to of 77400
 
How can you advise people to buy CSCO "all the time" and sleep well at night?

Yogi, you say you are a person who makes 250 to 500 trades a year. I hope you are successful at it. I can't time an egg!

I find that the philosophy that works for me, and most people, is to decide what you want to buy, buy it, and hold it long term until the story changes.

People who have bought CSCO, held it, and continued to buy and hold it, are living a rich retirement. Most people who have traded in and out of it are still working for a living.

Hey, I sleep like a baby!



To: Yogizuna who wrote (39422)8/12/2000 9:04:05 PM
From: The Phoenix  Read Replies (2) | Respond to of 77400
 
???? How can you not. Cisco is clearly in a trading range. How many times in the past have we seen Cisco blast out of these ranges to the upside typically ratcheting up 20% at a go. Given the recent earnings numbers, the positive future outlook sighted during the call and the continued market growth of 30%-50% how can you not be in? Are you suggesting that one shouldn't have a position in CSCO. Then you must also be advising your acquaintances to not invest in high tech at all. And if that's the case... well... what brought you here?

OG