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

To: Jacob Snyder who wrote (10628)	12/2/1997 4:19:00 AM
From: geof	Respond to of 77400

I was in the same situation and I sold half of my position at 84 even though I will pay 40% tax. Now I think about it agian. It was actually irrational. Have you heard of the word 'fear'? I was afraid the CSCO will be down 20-40% like my other techs stocks. Well, CSCO hold up amazingly well. The question should be: what are you going to do with the cash raised? Re-investing in a beaten down stock like AMAT, QNTM will be a good choice. But with 40% of profit going to uncle sam, buying power is severely limited. Worse is if you're trying to buy back CSCO, say, at mere 10-20% down from this level. Will CSCO be down somewhere near 30-40% in the next 12 month? It's any one's guess. In retrospect, I would hold unless I wanted to reduce my stock exposure or reinvest in some very depressed stocks for long term. Good luck!