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

To: Victor Lazlo who wrote (44454)	12/12/2000 8:33:35 PM
From: bambs	Read Replies (2) \| Respond to of 77400

You must be thinking of someone else... I haven't gone anywhere...I have remained completely consistent on my long term targets. I post on the up days and the down days. , then you turn tail and head for the hills at the first sign of a bottom and a meek rebound. I haven't headed for the hills. I haven't gone anywhere...I have stayed and let you bunch attack me...I will stay and continue to post here and the market will in days, weeks or even a few months turn back around and make lower lows. From Fleck tonight: "At some point next year, Cisco (CSCO) is going to have a problem -- the writing is on the wall. It won't be long before it should be obvious, even to the dullest minds, that tech problems are getting worse, not better, and that Easy Al's lower rate elixir will not cure the ills of a 100-PE Nasdaq with deteriorating fundamentals, especially when one considers how much excess capacity has been created and how sated and over-leveraged consumers are. Yes, ladies and gentlemen, this little interlude notwithstanding, next year is shaping up to be the disaster that always befalls a bubble such as we've had. As I've often said, bubbles are rare. The major financial bubbles of this century were the one in 1929, Tokyo in the late 1980s and the one we are currently in. But make no mistake about it, the current bubble has been the biggest of all time and the fallout should be expected to be somewhat proportional." I'm not saying don't try to make money off a dumb money (I call it dumb money cause someone has to get left holding the bag when it comes back down) Santa Claus rally...or a post election pop...Just don't call it a long term buy unless you want to hear about it later. Phoenix/Gary...called LU a long term buy all the way down...said things like "little downside risk" at $50...it's post like that that I like to pick on...why cause it's irresponsible. He then says months later that he sold at $60 and made money on the buy at $50. He never posted that he was selling at the time though...He doesn't have to...That's fine...But when I say that that is basically pumping and dumping. (some one shows up says they are buying a stock, says it's a long term buy with little downside risk, then disappears from the thread and dumps the stock for profit, the poster shows up later and says it's a long term buy and repeats the process) I don't think that csco is a long term buy at $55...or even $45. I said to T2 when it was sub 50 that I thought it could pop and to make sure to take profits cause I didn't think it was a "long term buy". I am sick of defending myself to posters like you but I feel I must set the record straight. Review my posts if you like...look at the whole year...I'm not perfect..I do attack back from time to time but look at the abuse handed out by my attackers. Remove your bias toward the long side and look at the facts. The posters that disappear are the bulls...they have done it all year as csco spills...the first little bounce and wham..it's back to attacking...telling me that I must be getting squeezed...that I must be losing money like they did...telling me that I am wrong and that I missed out on a great bottom and should have bought...It's a complete joke...look the 1 year chart of the nasdaq...clearly the trend is down since March...That's when I gave up longing and started to mainly short. You think you're above it all, but you exemplify the worst part of it. constant attacks....can't you see that I am trying to discuss the facts...trying to help you? trying to work together? I want to play the bounces and make money. But, I think and fear the trend is down...and it will continue until the bad debt and bad companies are washed out of the Nasdaq. It will continue until the valuations make sense both in the Nasdaq, S&P and Dow. We have a long way to go in my opinion. It's going to be a long bear market. I think we all should try to get along and make some money. If you want to call something a "long term buy" then you better back it up. Tell me why a p/e of 120+ makes sense on a stock like csco...tell me how actual earnings are going to grow over the next 5 years to get this stock to a p/e that is reasonable given long term historical data. Don't tell me that CSCO will trade with a p/e of 100 + for ever. Let's try to figure out where the bottom is on CSCO...the real bottom...not a short term pop back to $55. I think we have to face that fact that csco will likely trade lower next year as it becomes clear that the actual earnings aren't growing as needed to justify the high p/e. If you don't want to discuss these things (this thread is for questioning the p/e) then take your comments to the csco happy thread started by Gary...I never read it, since I can't post there, but I'm sure you will find good company there. Bambs