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

To: Wyätt Gwyön who wrote (42215)	11/4/2000 10:52:14 AM
From: Uncle Frank	Read Replies (2) \| Respond to of 77399

MuchoMan, I've seen you in action over the past few years, and know that you have been extraordinarily successful. You're one of the very few long term qcom investors who not only caught the entire 26 bagger last year, but was also astute enough to spot the start of reverse momentum and save most of your gains. But I think the case you make is for portfolio management, not trading in the sense that Chic was advocating. Now to picking apart your post <lol>: >> I bet you remember a stock called QCOM <g>. When has a large-cap S&P500 co. ever gone up 26-fold in a year? In hindsight, it does not seem strange that the correction phase was likewise compressed to a few months. Sure do; it funded my retirement. In fact, my starting position purchased on 4/5/99, which I still hold, is a 4 bagger despite the drop from 200 to 70 this year. I have no regrets about holding qcom and will continue to do so until their fundamentals change for the worse. >> That approach makes sense if a stock price is increasing year after year at 20%, 40%, 80%, whatever... You've just described Silverback Cisco. >> but when it gets to like 800%, 1000%, etc., I think it's important to be more vigilant about guarding profits. I would rather be LTBH myself... I don't see any conflict in those 2 statements, MM. I think you can be a ltb&h investor and still harvest obscene gains in the practice of good portfolio management. >> I also believe that "long-term" is out of keeping with what is going on in a large part of the market. It depends on your yardstick, MM. The nasdaq's bear phase didn't begin until the end of March and it appears that it is largely over at this point; even Mullineaux is making bullish sounds <lol>. So many of your comments relate to a 7 month trend. I know that it's seemed like forever, but that's only because you are young (compared to me <gg>) and impatient. I'll bet you're singing a different tune in January. May the gods of the street smile on us, uf

To: Wyätt Gwyön who wrote (42215)	11/4/2000 1:15:39 PM
From: Eric	Read Replies (1) \| Respond to of 77399

You are correct that the market is always changing. The markets have had an incredible run in the 90's that is only pausing at this time. For every couple steps forward we have to take a step back from time to time. Technology is driving change. It sure seems to be scaring a lot of people. They want things to be the way they were. Just like the industrial age changed the standard of living for people this Internet age will change it even more. There are so many opportunities out there right now. As Uncle Frank points out time puts things into perspective. We have had a slowdown and retracement in the market. But an investor doesn't fixate on the "now" he's always looking toward the future and to me the future is looking brighter than ever. Just as the railroad speeded up the delivery of physical goods and people the telegraph speeded up the rate of information transfer around the world. The Internet takes that to a totally new level which we are only now beginning to comprehend. People with ideas are hooking up with other people who have ideas. That is going to create so many things that it just boggles the mind. When I started playing on the Internet in 1992 it hit me like a ton of bricks! This tornado of change has only just begun. So while we are having a "little" pullback right now, it is healthy for the market. New opportunities will spring out but more importantly Cisco will continue to lead the charge. JMHO! Eric