Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Ed Forrest who wrote (41905)	10/31/2000 7:05:14 AM
From: t2	Read Replies (1) \| Respond to of 77400

For every point that Cisco rises above the 47.00 mark another 10K is added to my coffers. Ed, You may not realize but a lot of the short sellers probably don't want to think about how much was lost in missed opportunities on stocks like Cisco that were "overvalued" for a long time. I would say they deserve credit for getting the market right in the last 2 months and a lot of money could have been made in puts or shorting. If people had not thought this way (pessimism on the techs), I would not have made a dime in the market in the last year or two. This negativity is what helps me beat the market. The Naz gained 86% last year while I was able to do more that 10 times that last year. (of course I played a little in options as well) I don't mind losing a little bit every now and then. However, I am always careful about assessing market conditions every year in October to make sure that something has not changed this year. That is what makes me nervous. My fear has always been that new fund flows will stay away from tech or will be less focussed on techs this year. I have concluded that the investing public is still thinking this is a buying opportunity in tech stock and will pump more money into tech funds. In addition, many funds that abandoned tech in the summer may be looking to buy back into the sector as soon as they see some buying momentum pick up in the Nasdaq OR if they see profit taking in Old Economy stocks.. Of course short covering will help as well. That would lead to people being more sure of this as a buying opportunity and porfolios would shift back into tech. This will also be fueled by the so many strategists/analysts that think that Naz has bottomed. This telco spending slowdown is actually helping to set up a rally for year end. It has caused enough nervousness among investors. If the market was already at 4000, I would be less confident of a rally. I don't see a new high on the Nasdaq but 4500 is probable if the momentum picks up---the strategists like Batipaglia think it will hit 4300 which is why I think it does more than that. Once we see more information on the semiconductor cycle not ending, we should be off to the races. That will still be the key and that is why keep checking for statements from the industry. IMHO, the "gadget" market is just in its infancy and that is why I can't see a slowdown. A lot more of the gadgets are going to have some sort of chip inside. Alcatel's good earnings is also going to help. good luck to all.

To: Ed Forrest who wrote (41905)	10/31/2000 7:33:05 AM
From: Wyätt Gwyön	Read Replies (2) \| Respond to of 77400

I made ~10,000 yesterday... For every point that Cisco rises above the 47.00 mark another 10K is added to my coffers Don't feel bad. Someday, hopefully, 10K will seem like a rounding error for you and you won't feel the need to tell the world about it. I am not sure Cisco is the stock that will propel you rapidly out to a higher plateau, but good luck.

To: Ed Forrest who wrote (41905)	10/31/2000 11:05:28 PM
From: Stock Farmer	Read Replies (1) \| Respond to of 77400

Hi Ed - public apologies (unsolicited, sincere, no joke). I shouldn't post that kind of off topic garbage on the thread. Just fed up to eyeballs with all the personal attacks going on. But participating in kind is a fools condemnation. I apologize. Anyways, good for you on the recent blip up. It must be a good feeling after seeing so much more evaporate in the previous months. If you want to view gains & losses this way. Me? I didn't make anything today. Didn't lose a dime either. 'Cause I didn't cash anything out. To me, what happens day to day in the middle of a position is academic at best. To me only matters on entry & exit. Farther back along the path, I got over being excited enough about a $10K or $100K change in hypothetical portfolio value in a day to post about it (although I admit that the "up days" felt good and the "drops" were sickening!) Sure, we want more up than drop. Here's to it. I actually have a long term bullish view in general - although majority of big cap tech stocks appear priced against full participation. IMHO, the market's unstable right now, and likely to continue for some weeks. With my personal bias towards capital preservation, I'd rather miss some of a run up than experience a meltdown. And it could go either way in a blink. And it bears repeating: I regret the weakness of character demonstrated in my prior post. John.