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

To: kvkkc1 who wrote (52637)	5/9/2001 7:59:46 AM
From: Stock Farmer	Respond to of 77397

Hi. "You're slipping 6% is 0.06x not .6x" Yes. But not slipping. Precisely correct. 6% of 10 times the cost base is 0.6 of the cost base. I'll be more clear for you. Take S dollars. Buy CSCO stock and hold it religiously from $7.00 to today. The mindmeld, kvkks1 way. Oooh. $19 and change plus taxes owed. Heap big winnings. Or take the same S dollars and buy CSCO stock and listen to the noise around you. Sell at $70. Put it in a mix of high yeild securities and bonds and cash which appreciate and spit out dividends and gains 6.3% between July and April when you pay taxes of about 1/3. My way. $44 and change. No taxes owed. I win by by more than 2x plus taxes. Do this even once, say a hundred thousand times or so and the difference begins to add up to something. Do it on other stocks too. You get the picture. I think there is is a time to buy, a time to hold, and a time to sell. And sometimes there is a time to stand and watch. $14 may or may not have been a good re-entry point for a long term position in CSCO. If it was, I missed it. Too bad, so sad. But I'm betting that a better one may be along too soon. And my money is where my mouth is. John.