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


To: SouthFloridaGuy who wrote (15445)7/30/1998 9:07:00 AM
From: Jacques Tootight  Read Replies (2) | Respond to of 77400
 
Cisco guys, c'mon...this company is like Coke!

Statements like this scare the bejeezus out of me and make me seriously consider selling a stock I've held for a good long while and made a nice piece of change on. There are far too many people on the CSCO bandwagon that just don't have a clue what they're talking about. There are too many people invested in CSCO that are far too emotionally married to this stock and refuse to ever look at it objectively. If anyone thinks for a moment that it's impossible for this company not to stumble or never to be in a position where they have to fight for market share they just don't belong in the market. "Irrational exuberance" is an understatement.

Two small pieces of advice from a dull-witted investor:

One - There is no tech stock that can be compared to something like Coca Cola. Not one! When was Coke's formula outdated by new technology in 18 - 24 months? When did Coke's fundamental market change due to new technologies that caused them to have to reinvent their formula just to keep abreast? Tech companies (with very few exceptions) are mid-term holds and you better watch them CLOSE.

Two - Don't ever get too emotionally tied to any stock. They're are vehicles to creating wealth. Period. Yea, I've got my favorites that have been very good to me over the years, but I'd sell in a minute if I ever felt they were going to stop growing at the rate I have pegged for them.

Sorry for the rant, I'll go back to lurking now. I've just been getting a little concerned reading so many posts from people with blinders on. All this hooting about king of the jungle and big bad gorilla is just so much bullshit.

Best of luck to all -

RC