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

To: Eric who wrote (45226)	12/20/2000 7:19:18 PM
From: Ibexx	Read Replies (3) \| Respond to of 77400

Eric and thread, This week I sold some of my long held INTC shares in order to add to my portfolio some of the fallen high-flyers. I couldn't helped being amazed - again! - that the cost of my INTC stock bought in 1993 was less than $1.2 a share, and INTC hasn't been one of the best performing high techs by any stretch of imagination. A 30x increase in 7 years for doing virtually. I will let the day-traders to figure out their strategic advantages. Ibexx

To: Eric who wrote (45226)	12/20/2000 11:46:42 PM
From: PMS Witch	Read Replies (3) \| Respond to of 77400

The last CSCO decline, in 1994, where the stock was cut in half, I had some outstanding puts exercised against me. I decided to keep the shares. Adjusting for splits, I paid $1.09, factoring into the price the put premium I pocketed. This raised my cost base to well over 70 cents. It may seem strange to look at those numbers today, but at the time, people were predicting a total collapse of CSCO just as they are doing today. I find it instructive to purge my files during these times and review the 'learned' words that brought me so much worry. Today, as a CSCO long, I read repeated posts pointing out how I'm an idiot, fool, moron, and backward looking old fart, totally out of touch with today's reality. Sitting on a fify-fold return, although not as comfortable as a hundred-fold return, gives me much more satisfaction than enjoyed by our TMs, busily posting like mad-men, enjoying those few months they're right while conveniently overlooking the many years they've been wrong. Cheers, PW. P.S. Do the math: Up a hundred-fold, cut in half. Beats sitting on the sidelines watching and wishing, and trying to relieve their regrets by taunting those who made more profitable decisions. All it takes is a little vision accompanied by courage and patience.