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

To: TheInvestor who wrote (11417)	1/8/1998 10:19:00 AM
From: Gerald Walls	Read Replies (2) \| Respond to of 77400

Most big name brokerage houses have CISCO as the TOP LEADER in this market sector, with credibility like that, how can one go wrong. I got a list of over 10 brokerage houses that recommand CISCO for a strong buy. Yahoo quote service has CISCO recommanded by 25 brokerage houses for a STRONG BUY, 9 MODERATE BUY, and a misely 2 HOLD, NO SELLS. CISCO has a market capitalization of $54 billion dollars, 90% of all networking equipment in the world practically are CISCO products. So tell me where I went wrong. I agree that CSCO is a great long-term stock. In the short term prices will fluctuate and speculators can make money both long and short by accepting addition risk. As far as trusting the brokerage firms you'll find that they are for profit business, not philanthropic organizations, and they do not exist to make you richer. Often they will recommend a stock that one of their funds is trying to sell and very rarely will they lower a recommendation before a stock takes a significant hit. You'll also almost never see a "sell" recommendation because they're afraid of pissing off companies and losing investment banking clients. Who do you think Merril Lynch cares more for, you who are getting their recommendations for free or some company paying them millions in investment banking fees?