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

To: Stock Farmer who wrote (51792)	4/18/2001 1:18:12 PM
From: Wyätt Gwyön	Respond to of 77400

Hi John! CSCO (the stock) is poised between "growth" and "value". Which makes this thread fertile ground for discussion. you have made some of the most lucid arguments here in light of this realization. in the realm of STBP (short term buy and punt!), all these little squiggles resulting from surprise rate cuts and other such gotchas can lead to confusion between gray matter and bovine markets, but for LTBH, i think things have to be justified by value. KEEP THE FAITH!

To: Stock Farmer who wrote (51792)	4/18/2001 3:06:34 PM
From: Eric	Read Replies (2) \| Respond to of 77400

John I was driving my daughter to an appointment this morning when the Fed news came on the radio.. I was shocked! This move convinced me that the Fed is not going to be "conservative" any longer this cycle. I wish I had bought more Intel and TI! The floor looking very solid now. Shorts the next few days could be in for a real shock, might even happen in the last 30 minutes of trading. Then we come back a little but if we get another 1/2 cut in May hold on to your shirt! Eric

To: Stock Farmer who wrote (51792)	4/18/2001 9:51:12 PM
From: Victor Lazlo	Read Replies (1) \| Respond to of 77400

<<But for a value investor, such as you seem to be, just about every stock becomes a "bargain" now and again. It is the whole principle behind value investing. And how real wealth is preserved and built for LTBH.>> I am amazed at how folks seem so comfortable owning csco stock in these times, when in fact the co's accounting and real liabilities are a maze of tangled gobbledegook that is really quite daunting to all those who are not experienced in public co accounting. If it is not daunting to a particular accounting lay person, well then, there is a leap of faith this person is taking in place of true understanding. I sold my csco last Aug because I became convinced that they would never do better than 50% growth, and they had already been doing that. So i felt that all that could be known and expected re the stock, already was known and expected by everyone. And it was in the stock price. The signs were obvious. I have been investing in high quality ipo's for more than 12 years. To date I have lost money on just one ipo. I find it much easier and a lot more exciting, to rip apart an sec prospectus and other filings for an aircraft rivet co that is new and unkown to the market, than I would trying to understand CSCO's financials. CSCO's financials are not meant for me- they're meant for pros only, and the pros will never let me in their inner circle. (btw, I made 96% in 8 mos on that rivet co. And sometime after next week, with Aquila, I expect to get lucky yet again.... ) Victor

To: Stock Farmer who wrote (51792)	4/21/2001 7:47:38 AM
From: Dave	Read Replies (1) \| Respond to of 77400

John, So many people don't understand this concept. They are enamored by historical performance and extrapolate foolishly forwards. CSCO will quadruple shortly because it did that in recent memory... That's what the "investors" call Due Dilligence. They look at his historical performance, then when a stock goes down, they buy. Not many people can actually analyze a B/S or SCF to determine the value. Come on, even the analysts can't, or perhaps they don't want to.