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


To: Ed Forrest who wrote (49770)3/10/2001 11:56:44 PM
From: SouthFloridaGuy  Read Replies (3) | Respond to of 77400
 
When I first started investing, yes, I owned and held. When the market became crazy in 1999, I dumped my CSCO (30's current prices). I used those gains to score tremendous gains (many hundreds of %) speculating in the cruddy stocks that in retrospect represented the peak of the market. I was very popular on Silicon Investor and probably still have a lot of people who have bookmarked me.

I lost 25% of my assets in the market downturn from 5,000 during March/April 2000 (it was all paper assets anyway), cashed out of the market, found a great job marketing money managers and have personally been invested in cyclicals and commodities ever since.

I came onto the boards in April as Stock Operator to let people know my overall thoughts on the tech sector; I started with CSCO as I believe CSCO is representative of the "bubble mania."

I continue to be bearish with a long term target of 1000 on Nasdaq and 650 on the SPX.