Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: RetiredNow who wrote (56400)	12/6/2001 7:32:51 AM
From: GVTucker	Read Replies (2) \| Respond to of 77400

OK, I'll buy that logic a little better. But note that the market can change its mind in a heartbeat. So to say that there's no way that CSCO ends up 2002 in single digits means that you think that the market environment won't change at all for the next year. And both you and I have no idea what kind of market we'll be looking at a year from now. If people are looking at dark clouds instead of silver linings, CSCO could easily be in single digits. You don't like it, John doesn't like it, and I think it's not fundamentally sound, but the market thinks otherwise. So the stock price will rise, even as we say it isn't worth it. I for one am not going to miss out on the rise, so I've held onto some shares. The Greater Fool is a nice person to have along for a ride, but it not an exactly dependable one. I'd just as soon not depend upon the Greater Fool when I decide what to own.

To: RetiredNow who wrote (56400)	12/12/2001 1:38:14 PM
From: larry	Read Replies (1) \| Respond to of 77400

I think that Nikkei went from 12k to 22k from Jan. 99 to March 00. We all know what happened thereafter. True, Wall Street does not care about valuations of stocks right now...but, down the road, the chance is good for major stocks to trade according to fundamentals instead of momentum. In that scenario, CSCO is worth no more than 8 bucks. Well, let's just enjoy the bubble right now before it finally bursts. BTW, I stick to my view that US recession won't end until at least 03 in any meaningful way. Government and military spending will help to make the headline better, but won't change the underlying fundamentals. True economic growth won't happen in hostile and turbulent environment, and the worst is yet to come. larry