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

To: Mo Chips who wrote (17861)	10/6/1998 10:06:00 PM
From: SouthFloridaGuy	Read Replies (1) \| Respond to of 77400

Actually, had you been listening to me back in the summer, you would have been prepared for all this. Usefulness is in the eye of the beholder. My posts are completely relevant to the topic at hand. Paul A (15525 ) From: Puff Daddy Friday, Jul 31 1998 9:14PM ET Reply # of 17860 WRONG. Big money is smart money. Money managers don't buy on one quarter's earnings, momentum players do. And if you're looking for the momentum players, sorry, they've already dumped the stock. I don't think anybody has a question of whether Cisco will make earnings. We're all used to Cisco making earnings. The question is, can any earnings this company makes justify the stock price? NO. NO. NO. Reality check, CSCO is now capitalized equally to AT&T and LU is larger than Ford and Chrysler combined! It's just as ludicrous as the internet stocks and people's analogies of AMZN being larger than Barnes and Noble + Borders combined. Guess what? Same outcome for internet stocks is going to be CSCO's fate! Anybody who thinks a bear market is not possible because there is too much liquidity has another thing coming. That liquidity will stop quickly if the economy turns, which looks to be the case now, and people stop putting so much into their 401K's because 1) economy has slowed 2) they are fired due to a recession. Any slowdown in money flow will halt this market and send the Dow back to 7000. I'll buy Cisco at $50 (the price that would make it about as large as General Motors).