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

To: IBthinkin who wrote (14979)	7/9/1998 9:04:00 PM
From: Uncle Frank	Read Replies (2) \| Respond to of 77400

>>Not too many $90B companies have the capability to grow at sustained levels of 25 to 30%. Not only that, but there aren't too many $90B companies to begin with. >>Buy CSCO if you believe in the company, go elsewhere if you don't. Hey, you just got here, IBT; don't go shooing away your threadmates yet. This is an open forum, so we try to tolerate other investment styles. Besides, where would we be without the traders... they make the market liquid. Happy investing, UF btw, how did you manage to post in one looonnng line???

To: IBthinkin who wrote (14979)	7/10/1998 2:26:00 AM
From: The ChrisMeister	Read Replies (2) \| Respond to of 77400

Hard to argue with what you said. Why weren't you shaking me by the shoulders 5 years ago, telling me to buy this new company? Or, as Alan Kay at Apple says "perspective is worth 50 IQ points". It's easy to be a confident long once you're way in the clear years down the line and there's not a chance on the planet of ever being underwater. But it's very different for those considering the stock at the moment. And the odds don't favor another 1000% gain over the next five years. The key phrase in your post is "gut-wrenching corrections". Think of those who have bought in the last week or two above 90. They know there can be a 15% or 20% drop for practically no reason -- 40% if some really bad news were to come out and/or the market sours terribly. Happens to some stock virtually every day. Great companies are not immune. That makes people hesitant, uncertain whether now is the time. Or to wait for a pull-back which might not happen. No one wants to buy and just close their eyes, hoping for the best. Sure, you may get back to even at some point down the line, but there are no guarantees and at the very least you feel stupid. So it's a little too simple to just say that anytime is a good time to buy. For all anyone knows, the Dow could be at 4000 a year from now. It's small comfort knowing you paid way too much even for a company you like a lot. Or we could just go sideways for months, like we did for much of 1997. But I belabor the obvious. Sorry, I didn't want to sound like I was taking you to task because on the whole I agree with you. Good investments often (though not always) seem very expensive at the time you buy them. Anyway, I promise I'll be your best friend if you give me just 5% of your CSCO shares for my birthday... Got any current ideas that are as good as Cisco turned out to be over the last five years? Would you really buy today with your own money, or opt for something else that looks just a teensy bit better? ChrisMeister - who didn't know his screen went soooooo far over there to the right

To: IBthinkin who wrote (14979)	7/10/1998 10:03:00 PM
From: JF Quinnelly	Read Replies (1) \| Respond to of 77400

Yours is a good strategy if your shares aren't held in an IRA. And fund managers aren't going to pay much attention to tax events. Taxable or not, some puts might be in order. My worry is that this 30% grower has a p/e double, and maybe triple of that; not much room for disappointment. If interest rates move up p/e multiples contract, so CSCO could execute beautifully and you could still lose from this current price.

To: IBthinkin who wrote (14979)	7/12/1998 2:39:00 AM
From: Jake0302	Read Replies (3) \| Respond to of 77400

IBthinkin - I agree. I haven't held CSCO since 93. But I have started an investment program in this year, and, in contrast to mistakes I made in previous years, I am just buying and holding high quality stocks that I am picking mainly from the Money 30 Index (www.money.com/money30) and the Wired 40 Index (stocks.wired.com). As I say, I am buying and holding them. These stocks, so far, include: MSFT, CSCO, HD, ATI, DELL, LU, AOL, YHOO, QWST, and a few more. Those that I listed are up significantly since I bought this year, and I intend to hold them for 5-10 years (against some student loans... I am a grad student) probably longer. Even after 6 months, the power of compounding is impressing me. And, to be honest, I can't call when these things are going to move. Sure, I have made some good calls about buying the right stocks off these indexes, but they move for a whole variety of reasons. And I look back, and say, damn, I could have bought MSFT calls in January, and again in June, or something similar for CSCO in May/ June, but I am NOT able to see the future. As for CSCO, this company is brining in so much money on a regular basis it is incredible. And they are selling most of their stuff over their web site. And they are not going to stop building the 'Net anytime soon; we are just scratching the surface. I live and work in Silicon Valley, and we are only at the beginning. I am in for the long haul with CSCO, and I am confident that when I check back on this stock, it will have appreciated, and appreciated, and appreciated. Go CSCO!