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

To: notbullnorbear who wrote (49784)	3/10/2001 10:10:45 PM
From: Ed Forrest	Respond to of 77397

Should we take your advice and put you and everyone else on SI on ignore If you wish, that is your prerogative. I'm not giving advice merely stating an opinion. I wouldn't presume to give advice to strangers or for that matter even acquaintances unless asked. If it sounded like advice it was not meant to be and hope my explanation clears up any misconceptions.

To: notbullnorbear who wrote (49784)	3/10/2001 11:14:48 PM
From: Tom D	Respond to of 77397

Please don't be uncharitable to Ed. His point is valid. One should not base investment decisions on the advice of strangers. In my case the decisions to sell at $55 and $50 were based on a combination of factors: 1) Gnawing concerns about CSCO being an imperfect company that was priced for perfection 2) My wife's repeated admonitions to put some limits on downside risk. (For some reason, she does not like it when I lose money in the markets) 3) Feeling confused and stupid for not selling at $80, or $70 or even $60. The context is that the stock quadrupled after I decided it was overvalued. In that setting it it takes courage to decide that you think there is not much chance of it revisiting previous highs after you have repeatedly missed some good selling opportunities. It must be very painful to be a long-term buy-and-holder of CSCO now and not have sold the stock, and be torn between selling and holding. The visual acuity of the retrospectoscope is 20/20. In this setting, the confirmation that other people who seemed reasonably competent shared my concerns and could produce additional reasons to take the money and run was needed for me to have the cojones to make a decision that the party was over after such a long run. Tom