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

To: Peppe who wrote (15155)	7/17/1998 2:57:00 PM
From: Ibexx	Read Replies (2) \| Respond to of 77400

P/E of 100 not sustainable by accountants' (who count beans) criterial. But stocks such as CSCO, LU and MSFT command a lofty valuation based upon their strategic values. If you didn't believe in the latter, then you shouldn't stay in these stocks at these levels. Ibexx

To: Peppe who wrote (15155)	7/17/1998 8:24:00 PM
From: HinduLoveGod	Respond to of 77400

<<The question I have is, how long will the 100 PE be sustained ? >> When CSCO kicks the sh*t out of earnings, that PE figure you give will be irrelevant. CSCO has broken out. The last break is $100 and that's a mere psychological breakout. This stock will run like DELL has recently. Institutional money is flowing into the larger cap stocks. Larger caps stocks have run before earnings. CSCO has been somewhat dormant recently. Buy the August 100 calls. Those calls have only $5 time premium. Compared to alot of stocks out there the calls are CHEAP. Plus, MM's will keep the price high until earnings are released. Sell right before earnings report to be safe. That's the call. CSCO to $115 before earnings.