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

To: RetiredNow who wrote (51988)	4/21/2001 5:26:10 PM
From: Stock Farmer	Read Replies (1) \| Respond to of 77400

mm: Quite true! In the short term, beautiful sleight of hand. Bad quarter, sock away some Gross Margin relief for a rainy day if it comes. In the long term, it catches up. And CSCO is not on sound economic fundamentals for good LT price appreciation. Indeed, it owes some of its current price (maybe more than half) to misunderstanding of its business model and the prospects for its business. Along these lines. I have no difficulty with the momentum positions advocated here that say it's going up in the short term. But those with long term gleams in eyes... deluded I am afraid. At least of the bulls here you at least show that your rose colored glasses are ground under your feet. Take no prisoners in the short term. But travel light, and watch your back! Good hunting. John.

To: RetiredNow who wrote (51988)	4/21/2001 7:13:33 PM
From: TobagoJack	Read Replies (2) \| Respond to of 77400

Hi mindmeld, I think your bets may not pan out as you are now explicitly assuming that investors in the aggregate are stupid, and if so, they can easily, and stupidly sell down CSCO and all your other favorites, sit on their dumb thumbs for quarters or years, until you wished you had not acted on the assumption that the world is stupid and for you to take advantage of. Your faith in your own ability is strong. I hope your bet is of a cautiously large size in percentage allocation, as opposed to "bet the shop" proportions. What is your target price and time horizon? I am, in contrast, uncertain, conviction-less, timid, slow moving, stubbornly afraid. My bet in CSCO is now limited to a residual position entitling me to the annual report mailed to my residence, and my bet is that I may be able to buy CSCO at $8, with $4 returned immediately via put/call write. If I am half right ... Chugs, Jay