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

To: PMS Witch who wrote (48828)	2/11/2001 4:52:10 PM
From: t2	Respond to of 77400

It looks like being correct is very important to people. Perhaps there's some connection between self-image and trading success. It's no fun being poked in the ribs by a friendly finger, but if done in moderation, one can eventually laugh along too True...people who were negative for so long on tech stocks finally had the chance to gloat...and you can't really blame them for it. So much money had been made on the long side for years while many skeptics just missed the boat. I am trying to stop defending bad trades and just admit I was wrong. I was used to be right almost all of the time. These past few months were a good learning experience. Now the bulls are just waiting for their chance as so much money has been lost in trading on margin and even trading without margin in general on higher PE stocks. I had been concerned that the individual investors movement to online accounts reached a peak by early 2000 and this movement was about to come to an end. Had been concerned that redemptions in high growth funds would be starting last year. However, I dismissed these concerns and stuck to my long position..just hoping it works out. Not a good idea to trade on hope. The big money market positions ( thestreet.com ) is another way of recognizing that people have moved money into the equivalent of short term deposits....just the way it was prior to the stampede to buy mutual funds and online trading. I see the money market as a return to the way things were. My sense is that since people have had the opportunity to see how stocks can run up...they are just waiting to time their entry back into the market...sooner or later it should happen and interest rate cuts will help out in a big way. As for being long Cisco...this one has always troubled me. I have never made money on this stock. There is always some concern about market share eroding away and not being able to get into newer markets. I would rather hold a JDSU or CLS instead even though the PE may be a little bit higher. Still plan to be long this stock but not as much as the others techs like MSFT, INTC, CLS, JDSU, DELL etc.. I am also diversifed in other sectors as well---sectors that had been ignored by the online trading movement, meaning they may be underowned and likely to get a fair share of money flows. BTW--I don't what that dispute was a couple of years ago....I believe it was about politics or something.