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

To: The Phoenix who wrote (45031)	12/19/2000 8:52:43 PM
From: bambs	Read Replies (1) \| Respond to of 77400

I scalp and I am in cash most night...tonight...riding green in gold stocks and the rest cash...a couple of small shorts in garbage i hit on the fomc announcement...actually on the bounce after. But, you call stocks long term buys...you argued at with me for months that csco was worth $90 this year and $70 was value! What happened? What about the 10% of a 1 Trillion dollar market they will get by 2005? I stayed on this thread to keep the argument going...Uncle Frank and Ed Forrest disappeared...oh well... But, you just keep insulting me...you say that I am right for all the wrong reasons? Why did the market sell off? Were my reasons not valid? Was csco not over valued...is the growth rate in earnings and revenue not going to meet your forecasts of earlier this year? Are you changing your longterm revenue and earnings forcasts? I'm comfortable with mine! If you remember I said that at best CSCO will be a $50 stock in 2010...I think that will prove to be true...You will see that I will be proven right...for all the right reasons... I expect that we will see some real margin calls in the coming days...then we may get a nice trading bounce agian off of 2000-2150 shoot maybe 1850 if biotech cracks like it should...at any rate...the bounce will not be a long term buy point...it will be a bounce...most likely back to 2350-2650...I don't think 3000 will be seen agian for years...the damage being done now has a lasting effect on traders and stocks...many bulls will be put out of the market on this hard down move in the next few weeks...margin will knock many out of the game... bambs