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


To: Yogizuna who wrote (39524)8/14/2000 7:46:55 PM
From: RetiredNow  Read Replies (2) | Respond to of 77398
 
I think the reality is that most people are looking at top line growth %ages and as far as bottom line, they want to see that the company meets or exceeds. Cisco works wonders on both ends, so they've been given a rich valuation. Notice the stock price stagnation, though. This is what happens to good companies, they don't just implode. They trade in a range until earnings catch up with the stock price, then they take off again. So I figure we're stuck for the rest of the year. In fact, will probably dip between now and October. If it goes below $45, I'll start buying. But then by December things will start coming back up and we'll be at $85 by next July. Just my crystal ball.