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

To: mozek who wrote (10355)	11/11/1997 6:56:00 PM
From: sepku	Respond to of 77400

>>>Hard to believe you'd keep such a fat, bloated pig through the spring downturn. In fact, you'd have made so much money in the past 27 months if you really were holding the stock that its strange you'd turn on it so vehemently.<<< Ah, but you must keep feeding those pigs until they get so fat and bloated, that are primed for slaughter in harder times. I had to pick a stock to liquidate, and CSCO had (and still has) the least upside of any of them. In the Spring I picked up a smaller position and sold it a couple months later. I admit, CSCO is a low-maintenance stock and always has been...the company has so much institutional favoritism, it always manages to bounce back after a price correction, so you don't even have to pay any attention to it. It was a relatively safe place to park cash -- sure beats blue chips. But it's time to move on...I made the mistake of holding CSCO at the beginning of the year in the 80s, because I was hoping for 100. I could have sold and almost doubled my position size for the same amount of capital only a few months later. I'm not going to make the same mistake twice...now I have an idea of when CSCO is overweight and needs some Jenny Craig. And the reason why I have no problem "turning on it", is because even though the stock has been one of my finest winners, it always seems to canabalize my other plays at the most inopportune times. I hate it when that happens. Example...I once owned MSFT which did extremely well for me, however I can't stand the company -- they kicked the crap outta Novell which I had another position in and dumped after 9 months for a 33% loss. But who cares about the companies themselves, right? It's all about the returns... Style Pts.