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

To: Jacob Snyder who wrote (49410)	2/27/2001 5:47:23 AM
From: Bong Lewis	Respond to of 77399

jacob, if you could use any fundamental metric to sell at the peak (during a bull market), then finding absolute botom (during a bear market) is possible. However, pe, p/s, etc. are not like 1 + 1 = 2, so during a bull market high pe stocks keep going higher, and in a bear market low PE stocks keep going lower; therefore, people often sold too early or bought too soon. if you were trading a stock, timing absolute bottom could be a good idea. if you were investing in a stock, you may look at a more reasonable bottom (using pe, p/s, charting, e.g.). to me management and companies niche are most important when i think of investing in a company; otherwise, i will not buy it regardless how cheap it is. the question is " do you think csco is a good investment in 5 years or it will be double, tripple ... from here?" if yes, then even at 40 still a good buy. if not, it would be a sell. an example, lu at 50 was a bottom, then 40, 30, 20 then 12. WCOM also an example. NT is next.