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

To: pass pass who wrote (10490)	11/15/1997 11:59:00 AM
From: Eric	Read Replies (1) \| Respond to of 77400

Pass Pass Good observation, these stocks always gyrate around and will catch people flat footed on the wrong side. As long as we identify the winners we can use the "noise" to get in at bargin time. The momentum players make these stocks great trading vehicles for short and long term players. It took me a few years to understand that and now I don't worry unless the fundamentals of the stock changes. Cisco is slowly gaining stability with its size. It will be inetesting to see how the rest of the networkers respond this next year. Eric

To: pass pass who wrote (10490)	11/15/1997 7:05:00 PM
From: DownSouth	Read Replies (1) \| Respond to of 77400

Oh, I agree with your logic. The thread I was following was one where someone said something like "this stock fell so far, I couldn't sell it", or words to that effect. I have heard and seen a lot of investors practice that "principle" and I can't follow its logic. The only reason not to sell would be if there is no better place to put your money. And a completely rational person will make such a decision just as though the "bad" equity represented cash that needed to be invested, and search out a new equity. Follow me?