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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Cynic 2005 who wrote (15392)	12/10/1997 12:24:00 AM
From: Judy	Read Replies (1) \| Respond to of 50167

CSCO .... Although the networking market is slowing, In-Stat expects Cisco and Ascend to grow over the industry average of 16% for 1997. Cisco is on track to grow 34.4% in 1997, nearly 20 points higher than the industry average. Mohan, you make valid points about CSCO ... and it difficult to believe CSCO can remain immune to the problems experienced by other networkers. But I have been long the CSCO kid since 1993-1994 and a correction down to the mid 60's is just a 1/2 retracement of its most recent run. CSCO will not go down without a fight ... the signs will be clear and longs can protect their positions. CSCO is very tradeable, up or down.

To: Cynic 2005 who wrote (15392)	12/10/1997 9:31:00 AM
From: Tom Trader	Read Replies (1) \| Respond to of 50167

>>That is just your assessment. But, me asks you what makes you think that a blow-off rise of 35% from April lows to August highs is not a blow-off-top phase for this bull?<< Mohan--my experience and all that I have read on the subject is that bull markets end with a frenzy of speculation where the third and fourth tier stocks become popular and achieve valuations that will not be warranted in this life--or in the hereafter. You and I have commented on the absurd valuations ascribed to AOL and YHOO--at the end of a bull market one sees this occurring on a host of other stocks. May be this time it is different -- but I suspect not Thanks for input on CSCO--CSCO is an investment--an investment position for me ignores the vagaries of the market and I stay with the position until the story changes. I own stocks--investment positions-- that I have held for over 10 years and I rarely liquidate investment positions -- the last one that I did was COL at 34+ after owning it for several years -- when news of the investigations broke because the story had changed. Regards