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

To: Dennis who wrote (15345)	7/26/1998 11:49:00 AM
From: RetiredNow	Respond to of 77400

I don't really know how low it could go, if it goes down any further at all. Last year around February I started buying at around 61 (pre-split figures) and kept buying all the way down to 42 before I ran out of money. Luckily, that happened to be the bottom too. This time, I don't think it will go down 30% again, because too much money is chasing this stock now that CSCO is in the limelight. But I always like to buy in whenever I get a chance. Also, I made a mistake with this stock earlier this year. In Jan I had a load of free cash that I wanted to buy CSCO with. It was around 55 then. I held off because it was rapidly ascending and now look where it's at. Sometimes it's better to average yourself into a stock so you don't miss out on all the opportunity. That's what I'm doing now. IMHO, I am pretty sure that 5 years from now, all the prices that I have bought at this year won't make a bit of difference, because I will have at least doubled, more likely tripled, my money. Anyway, good luck everyone.