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

To: bambs who wrote (40623)	10/11/2000 6:49:26 PM
From: Ed Forrest	Read Replies (1) \| Respond to of 77397

The people that have a cost basis of $5 csco make up a very small percentage of csco shareholders. If you would ,share with the thread what the percentage is and please cite your source. At the end of this bear market I bet that only a small percentage of CSCO shareholders walk away with profit. Bet?What are the stakes? It may not look that way now but this bear market has a long way to go. I can only assume that statement is your personal opinion and indeed you have no basis of fact.Would my assumption be correct?

To: bambs who wrote (40623)	10/11/2000 7:46:17 PM
From: Eric	Read Replies (2) \| Respond to of 77397

I sure don't know where you get your numbers but Cisco is still well ahead of it's 52 week low. The majority of holders have held the stock longer than a year. With institutional ownership it's even higher. It would have to fall a long ways before you would get those numbers!

To: bambs who wrote (40623)	10/11/2000 8:29:41 PM
From: RetiredNow	Read Replies (2) \| Respond to of 77397

you know Bambs, I agree with you. In fact, I can say with complete certainty that if anyone buys a great stock at its inception and hold the stock all the way until the company eventually goes out of business or stops growing, they WILL lose money. So you are correct, long term holding of stock taken to the extreme is a losing proposition. However, the way the realistic long term game is played is that you take a hard look at a company's fundamentals. If they are strong, you buy the stock. Then you periodically revisit the company's fundamentals. If they change, and the change is unacceptable, you sell. Cisco's fundamentals have not changed. In fact, they have aruably only gotten stronger. It's true that their margins are coming down amid competitive pressure and their historical stronghold markets like high end routers are under attack. However, their addressable market has skyrocketed by the company targeting telecom service providers and old world telecom companies. So the stock has been sucking wind the last 6 months. Who cares? I'm sure the daytraders and shorts do, but us longs don't care. 5 years from now we will all be laughing to the bank, like we have for the last 5 years. The fundamentals are still strong.