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

To: Tom D who wrote (49780)	3/10/2001 9:36:03 PM
From: Ed Forrest	Read Replies (1) \| Respond to of 77397

Stock Picker 'Tokyo Joe' Settles SEC Fraud Case news.excite.com; A classic example of why one should never take investment advice from people(strangers)on the net. SI and the Net as a whole have many "Joes" with agendas.

To: Tom D who wrote (49780)	3/10/2001 9:41:14 PM
From: notbullnorbear	Read Replies (1) \| Respond to of 77397

You are too modest. It's not all luck. Luck is throwing a coin and having it land heads or tails. Skill is when you make an active decision. You skillfully sold equities at a time when they were obviously overvalued. Maximum profit is luck, but taking a profit is not luck. Take a bow, it is deserved. The CSCO bears display knowledge and skill as investors. Particularly those who were unfashionably bearish from $70 on down and stuck to their guns. Despite slander of a few who look like fools now. Sometimes I wonder why they bother posting. But I am glad they do. nbb

To: Tom D who wrote (49780)	3/10/2001 10:30:53 PM
From: chic_hearne	Respond to of 77397

I find it hard to believe that anybody could have a rational basis for thinking the top would be in March, 2000, rather than four months sooner, or four months later. I would agree with that 100%. After the bubble was popped in March, all it took was a cynical and open mind to understand it was just the beginning. We all knew it had to end sometime. And if you didn't, you didn't study history and are now getting what you deserve for your lack of diligence. I was also a die hard bull through most of the early part of 2000. It wasn't until maybe spring/summer when I finally came around. This was before the recession started, much before it was even a posibility in most minds [hell a recession still seems like a distant posibility in most minds IMO]. What I realized is that company performance and stock price are not the same thing. Exponentially, most tech stocks had risen much faster than their business did. This lead to the correction of 2000 where performance was still great but stocks sank. What's happening now is that the recession is starting to become a reality and tech stocks are falling even farther. It still only takes a cynical and open mind to realize we are still in the beginning of this downfall, at least time wise. History is our friend and it says we overshoot to the downside, as always. This hasn't happened yet, not even close. Historic P/e's and Price/sales don't dictate it at least. JMHO chic