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

To: skyzzics who wrote (50617)	3/28/2001 11:04:25 PM
From: Victor Lazlo	Read Replies (2) \| Respond to of 77399

<<Some of us are traders and some are investors.>> and some of us are sane. Read the writing on the wall.

To: skyzzics who wrote (50617)	3/28/2001 11:05:17 PM
From: chic_hearne	Read Replies (2) \| Respond to of 77399

I am consoled by the fact that csco paid for my home totally.(no mortgage). No one can tell me not to get emotionally involved with a stock or company.Every day I look at the walls of my house and I say "thank you cisco". People like yourself are the reason the economy and real estate market are about to take a nosedive. The "wealth effect" has been written about many times and soon the "reverse wealth effect" is going to be written about. You're not alone, tons of people have been living off the market. What happens when this income doesn't exist? I find it hard to believe that everyone was as prudent as you buying a house with CASH and not being on margin [assuming you don't play with margin]. I'm not slamming you one bit. It's very smart to book profits along the way and take care of your mortgage, etc. I'm simply pointing out that the stock market has become a key driver of the economy and now the reverse has happened. What I find so hard to believe is the mainstream attitude is the economy isn't that bad and that the stock market downturn will not materially effect the economy. IMVHO, this couldn't be farther from the truth. chic

To: skyzzics who wrote (50617)	3/29/2001 4:01:56 AM
From: Gold Beach	Read Replies (1) \| Respond to of 77399

I too bought a house using Cisco stock. Unfortunately the stock was in an IRA and the tax consequences was incredible.

To: skyzzics who wrote (50617)	3/29/2001 7:54:14 AM
From: Tom D	Read Replies (1) \| Respond to of 77399

<<Our TM Bambi>> helped me get out of CSCO at $55 and $50. The investment climate was one in which nobody knew how high the tech stocks would go. Selling anything meant taking the risk that the stock would snap back and go up 50% in a month or two and the seller would be left on the sidelines. I had a huge position in CSCO. Bambs was one of several key influences that helped me reluctantly conclude that the party was really over and it was time to pay a big capital gains tax. You can disparage him if you want. But I think such disparagement says more about you than it does about Bambs. Tom D