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


To: SouthFloridaGuy who wrote (52580)5/8/2001 10:47:05 PM
From: Mark The Trader  Read Replies (1) | Respond to of 77397
 
Ok you really gave that $ 3 a share a lot of thought. O I forgot you don’t think they will ever make money again and bleed through cash. I did not look at a cash flow statement , how much cash did they bleed through this quarter?? Probably not much.
As for CSCO being Cyclical and being compared to FORD, please tell me your not serious.
Good for you for shorting when it was $ 80 , $ 70 ,$ 60 etc.
Blue chips don’t fall from $ 80 to $ 13 ???, where were you 10 years ago when IBM fell out of bed, are they not the bluest of blue chips?? Ok maybe not the percentage loss that CSCO had but still a major loss of value.
Anyway $ 3 is silly, add $ 10 to it and I would agree with you that $ 13 is possible but I am not that bearish either



To: SouthFloridaGuy who wrote (52580)5/8/2001 11:27:22 PM
From: Gottfried  Read Replies (1) | Respond to of 77397
 
NYCB, re >Cyclical companies generally trade at 1x sales, very low PE's and near book value<

Check out AMAT to see how wrong that statement is.

Gottfried