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

To: ciskokid who wrote (74536)	11/11/2007 8:37:59 PM
From: John Koligman	Read Replies (1) \| Respond to of 77400

It's been my bread and butter from an income perspective for some years now. The key is you need the capital and you need discipline and experience. Gotta watch the market all day long tick by tick and it's obviously a full time deal. The reward is an income no matter what the market does year in and year out. As an example, I had a profitable week last week, on Friday I bought a block of MOT in the 16.30's when the market tanked at noon, and sold the 30k block 10 minutes later in the 16.50's. The stock continued up for the next two hours, but I was apprehensive about what the market would do in the afternoon, so I took the profit, and it did tank into the close. I do have a multi-tiered strategy, by that I mean I will hold positions for the longer term if I feel certain issues or the market has really tanked. We may be entering one of those phases now, we shall see. The discipline part is getting out VERY quickly if your entry is wrong. That was the hardest part for me to learn. Nothing wrong with investing, but from an income perspective there have been 10 year+ periods where the market has not done squat, like during the 'stagflation' years. For that matter, if you look at the DOW over the past 7 years and adjust for inflation, not so hot. Sure, if you bought AAPL 5 years ago and went to sleep that was a pretty good deal. BUT, what if you bought Dell at 54 almost 9 years ago? How about Cisco or Intel at 70? Who knows if you will ever break even. Best regards, John