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

To: tonyt who wrote (50293)	3/23/2001 12:37:27 PM
From: GVTucker	Respond to of 77400

Goodness, no. By saying it can drop to the mid teens and also keeping the Strong Buy on the stock, the analyst can now claim to be correct no matter what the stock does.

To: tonyt who wrote (50293)	3/23/2001 12:43:21 PM
From: Stock Farmer	Read Replies (1) \| Respond to of 77400

tonyt - Yes you are precisely correct! A) They expect the stock could go to the low/mid teens B) They maintain a "strong buy" when it's 25% higher. In other words, it appears they strongly recommend you take a short term 25% bath. Hmmm... The term "dumb money" was not coined accidentally. Where in the contract with them does it say they must look out for your interests? Does all the small print stuff say this is all your fault? Why is it that people are just figuring this out now? John.

To: tonyt who wrote (50293)	3/23/2001 1:16:26 PM
From: JakeStraw	Read Replies (2) \| Respond to of 77400

tonyt, I guess it's subjective based on ones holding timetable. In other words, short term it may go down but it will eventually go back up! :^)

To: tonyt who wrote (50293)	3/23/2001 2:31:19 PM
From: PMS Witch	Read Replies (4) \| Respond to of 77400

One must dissect the report to understand it. First, the Strong Buy recommendation can be considered part of the pre-printed page, just like a letterhead. All analysis must contain these words. It's almost like the words we so often read from other industries: Batteries not included, or Your mileage may vary. Without the Strong Buy, the analyst cannot expect the co-operation from management, which is needed because without company guidance, the whole world will see him as without a clue. The 25% price decline could be his opinion, or it may not. It depends on the desires of the man who signs his paycheque. Have you signed his cheque? If not, then don't expect him to be working on your behalf. Many have observed that after downgrade tidal waves, prices seem to advance, just like they decline following massive upgrades. An impartial observer could be forgiven for questioning the value of analyst opinion when the value of following their advice over time is assessed. So, will CSCO decline 25% from here? Perhaps, but probably not. Will it double in 12 months? Perhaps, but probably not. Do you feel that CSCO shares meet your criteria as a good investment at today's prices? Cheers, PW.