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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Sharp_End_Of_Drill who wrote (1388)	3/12/2001 11:14:05 AM
From: Warpfactor	Read Replies (1) \| Respond to of 23153

Sharp "CSCO still overvalued" - this is what bugs me about a NASDAQ at 2000. People are calling for NASDAQ bottoms in the 1500-1600 range, but in reality many of it's component stocks are still richly valued. At 19, I would call CSCO fairly valued from a value investors point of view. However, value investors don't want to buy stocks that are fairly valued, they want undervalued situations. Your CSCO at 12 would definitely qualify as a nice buy point for CSCO to establish a buynhold position, IMO. My buy at ~19 is simply an attempt to garner a short term gain on an oversold market. Looks like Rory is on the right side of his CSCO short. NASDAQ down 108 now, this sure looks like a capitulation day. I've got 37% cash, but I'm very wary about putting any more to work here. Warp