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


To: StockMan who wrote (17635)10/3/1998 1:41:00 AM
From: Gemini  Read Replies (1) | Respond to of 77400
 
StockMan,

Do you remember when Cisco was achieving over 100% annual
profit returns for several years running prior to 1995?
Then it had two or three mediocre quarters and like a fool
I sold all my holdings at a healthy profit, the last sale at
$34 in 9/95. Since then Cisco has more than quadrupled.

bigcharts.com

It was one of the worst investment decisions I ever made and I
will not make it again. As long as it maintains its #1 position
in the fastest growing industry I will only ADD to my position
during signs of price weakness. Period.

To second guess what a stock will do tomorrow or next quarter is
a waste of time. The question every investor should ask
himself is whether the Cisco's, Dell's, Compaq's and
Microsoft's of the world will be higher five to ten years from
now? That's how one builds a very rewarding portfolio and not
the way you pretend.

Good luck to all, Allan