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

To: Lizzie Tudor who wrote (71064)	9/14/2006 7:38:26 AM
From: siskokid	Respond to of 77400

they will learn...

To: Lizzie Tudor who wrote (71064)	9/14/2006 9:04:30 AM
From: RetiredNow	Respond to of 77400

I couldn't agree with you more. We just had a great example of that recently on this thread. When Cisco went down to $17+ a month or two ago, the traders popped all over this board and most made some good money when they sold at around $19. Then the stock proceeded to move upward of $22. Another classic example of why most traders don't beat market averages over the long haul. They tend to sell to quickly when a stock is rising and hold to long when a stock is tanking. BTW, that isn't an opinion, it is a statistical fact that 95% of humans are risk averse and behave this way when involved in trading.