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

To: Eric who wrote (10603)	12/1/1997 3:35:00 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 77400

I hope so, 6.00 long bond is a formidible psychological barrier, can you imagine the rush of re-fi's when that happens? Now if all those people will just take those interest savings and put them into equities:-) bp

To: Eric who wrote (10603)	12/2/1997 3:20:00 AM
From: Jacob Snyder	Read Replies (1) \| Respond to of 77400

Should I sell? I bought at 48 in April 97, and am close to doubling by the end of the year if current trends continue. I'd really like to wait till the purchase is 18 months old, so the feds get only 20% instead of 40% of my gains. However, I don't feel comfortable owning a stock, even a quality stock, at this PE. Cisco will have to blow out earnings every quarter, have no hint of a slowdown in the industry, continue to gain market share, and the economy as a whole has to keep doing well, in order to justify the current PE. If anything goes wrong, the stock goes down. A lot. What are the chances of holding the stock through 1998, selling on January 2, 1999 (so I don't pay taxes till April 2000), and none of those bad things happening?