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: JakeStraw who wrote (59048)	4/22/2002 2:00:58 PM
From: Jacob Snyder	Respond to of 77400

Haven't added the exact % up, but I'm over 40% cash at the moment, after having been on 40% margin in early 10/01, and then aggressively selling the two intermediate-term rallies (January and March) since then (finished selling my AMAT at 25, 26, and 27.5, for instance). So I have plenty of cash to buy CSCO, and a short list of other beaten-down tech sector leaders. These stock splits, and Unsplits, and tracking stocks (like MCIT), and other intricate silliness, are just goofy Creative Accounting. I consider them nothing but desperation moves by companies in a desperate situation. Management knows they need to do something, but there isn't anything meaningfull they can do, so they do something non-meaningfull. This gives the illusion that management is dealing with the company's problems. A thin illusion, obviously not fooling anyone, but managment can't think of anything else to do. Pitifull, really. The amazing thing is that these companies are, increasingly, Cisco's customer base, and Cisco's fundamentals are improving.