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

To: Eric who wrote (55066)	9/7/2001 2:56:35 PM
From: Eric	Read Replies (1) \| Respond to of 77397

Anyway you all have a good weekend. I'm going up to my 2nd home in the San Juans "that Cisco built" for the weekend. Gads... I just hope we don't melt down on monday! Eric

To: Eric who wrote (55066)	9/7/2001 2:58:06 PM
From: Stock Farmer	Read Replies (3) \| Respond to of 77397

Eric, Too many people want to own it? Actually, I think it's more like too many people do. Cisco is closing towards magic numbers. Has been now for months. Which smacks of artifice in the price. Not rational valuation, but folks who "feel" that they want to buy it at a particular price. The public is remarkably succeptible right now because there isn't a metric of value it can hang it's hat on except "x% lower than a whole bunch of folks bought it at earlier". Kind of like a sale in a furniture store. Valuation is not on the minds of the public, and while we beat it to death on this thread a while back (there are a few of us staunch valuers here), we seem to be an exception. They used to have a tool. Like old Macdonald's farm, here a PEG there a PEG every where a PEG PEG... But as G went to zero they had to throw that away and I really haven't seen much of PEG lately. Economic analysis is harder and the public needs an easy measure. And I think the next one they adopt will be a conservative one. But I don't know what it is, and as far as I know it could be just as viable and "fair" a metric as PEG was back then -ng- When the one they choose steps up to the plate, well, I fear that we won't see Cisco hold the line so readily. So I'll be looking for its strange attractor to move well off dollar lines and start following news. As opposed to jumping up and down by $1.00. John.