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


To: Stock Farmer who wrote (50100)3/16/2001 11:00:00 AM
From: SouthFloridaGuy  Read Replies (1) | Respond to of 77397
 
Feeling a little Nostalgic, thought I would bring up some quotes from some of our missing friends.

"CSCO seems to be holding up quite well at the 50 level"

"It looks like 35 is the line of defense for CSCO"

"31 seems to be a great place to get in for the long-term"

"The teens will never be seen on CSCO"

And the kicker...

"My cost basis is 4, I can ride this one down, and not care"

Ahhhh, the memories.



To: Stock Farmer who wrote (50100)3/16/2001 11:07:02 AM
From: bambs  Read Replies (4) | Respond to of 77397
 
this is sick! I can't stand this....i truly hate being right. we are screwed!

house hold net worth has been tracked for 55 years...since 1945 it has never gone down...last year it feel 2%.

savings rate is negative...assets inflated...debt levels record highs...trade imbalance is insane...US dollar going to get smoked...

bankruptcies and lay offs are just getting started...

dow is going to crash with the s&p and nasdaq this year...house hold net worth will be smoked...

public is leveraged on inflated assets so when they fall it hurts all the more.

rates will be cut...the dollar will fall...and the world economy will go into a major recession...and a financial crisis.

I need a drink...I am really upset that this is going to happen. i actually expect a deflation period for a while. as assets prices fall as the broke effect takes hold...i think gold could even fall to $200 an oz before going on a bull run...I am still going to hold some stock and physical as insurance...now is not the time to be screwing around...i'm sitting in cash...i can barely trade...seeing what i have been predicting actually unfolding in front of my eyes has me all messed up.

I worry that my worst fears may come true and the economy will be ruined...banks will fail on bad loans...unemployement will sky and we will enter a depression and a decade long bear market.

best wishes to all...I hope many of you are playing it safe right now...this is a gamblers market...nothing more...

your beliefs in the internet and tech have nothing to do with stock prices and the macro conditions that are taking hold.

oh, looks like a little bounce here...it think i am going to do some gambling and have a good day..

bambs