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

To: Matthew who wrote (17995)	10/8/1998 2:47:00 PM
From: Byron Xiao	Respond to of 77400

<THREAD - CSCO & DELL both at 43 - share your thoughts on who will be higher at years end.> Hmm, I remembered last couple weeks, both Dell and Cisco reached 68. Funny, now that they are both at 43. I have both stocks. I got DELL in May before the splits at 84 5/8. So basically, my profit in DELL has been effectively wiped out in a matter of 10 days. But with DELL, you ride it out, this comes from experience. I originally bought DELL in Jan 95, and after splitting 4 times, I sold DELL in April 98. During this period, DELL went through a lot of ups and downs, but I had the patience to hold onto it because I see the efficiency of their business execution. I sold this April because of the over-exburence in the market and fear of global market's effect on the US (hmm, sounds familiar now, isn't it.) But by that time, my initial investment of $16,000 in DELL has turned into $480,000. I bought it back in May because another outstanding quarter by DELL, even I am not making one penny on DELL right now, I am still about $450,000 in black on that stock over the last 4 years. How can I complain? On Cisco, I only got into it this year, at a pre-split price of 65.5 in May as well. I am not making one penny either on Cisco. But I have resisted to sell at the temptation of 105, and base on my experience, only holding it long term can you make substantial money. I plan to hang on to it for a while. There all still food on the table for me, so it's not like I have to sell my stocks at this point to feed myself. I certainly won't go into margin at this point. As I said earlier, I have the resolve to hold on to this for a while. As to which one will be higher at the end of this year, who cares? I am not going to sell either one at the end of the year.