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


To: Ibexx who wrote (45260)12/21/2000 12:24:01 AM
From: denni  Read Replies (1) | Respond to of 77400
 
>>Oh yes, 1994, I remember adding CSCO shares aggressively during the plunge (brought on by COMS's bad news initially) and was ridiculed by so many traders on SI.

i don't think si was on the web in 1994. but, yes! cisco was a great buy in december of 94.



To: Ibexx who wrote (45260)12/21/2000 7:46:42 AM
From: GVTucker  Respond to of 77400
 
For CSCO to be at the same level it was at in 1994, the stock would have to be under $15.

And the only way you can get as high as $15 is if you use the pro-forma earnings instead of the actual earnings.



To: Ibexx who wrote (45260)12/21/2000 7:59:26 AM
From: Monty Lenard  Respond to of 77400
 
You people just amaze me at how you can justify riding these things into the dust. For every 100 shares owned you have given up 4900 in profit that will be a long time coming back if ever. And that does not take into consideration the time value of money. Ones cost basis don't mean a thing if you never take the profit. That is like saying I have x number of widgits in inventory at a cost of $1 and a mkt value of $30 but if I never sell the widgits what do I have?

That dog won't hunt except for those that are looking for an excuse for stupidity.

Monty



To: Ibexx who wrote (45260)12/21/2000 12:29:52 PM
From: PMS Witch  Respond to of 77400
 
The internet wasn't available to me in 1994, but CNBC and newspapers were. I phoned CSCO and was told that analysts had ran out of the room during a presentation and yelled SELL, but didn't wait around long enough for the explanations which followed. I took this as a better indication of the situation and held my ground.

I have no desire to re-visit those scary days.

Cheers, PW.