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

To: DownSouth who wrote (18012)	10/8/1998 6:50:00 PM
From: Joseph G.	Respond to of 77399

You believe her, and I believe Buffett - how's that? When CSCO was above 100 presplit (67 now) she said "buy", I said, it's going down. I believe my opinion is a lot more valuable ...

To: DownSouth who wrote (18012)	10/8/1998 10:29:00 PM
From: Cynic 2005	Read Replies (1) \| Respond to of 77399

DownSouth, I personally believe that this person for whom you have very high regard is nothing more than a momentum traders. She labels her buys are of quality companies. Well, the fact is a quality company is not the same as quality stock. One of the most serious objections I have to her philosophy is that it is NOT ok to pay an arm and a leg even for quality companies. I don't follow most of her posts 'cause I think it is just a waste of my time. But based on what I read, I have noticed that she vociferously deplores traders. Yet, she appears to do exactly the same. She despises "shorts" (who doesn't, especially when the market goes down. After all, it is just because of the shorts! -g-) Never a mention of the liquidity the shorts and traders bring to the market. If it weren't for the traders and shorts, the market wouldn't be at these heights/ Granted it is here, it would have dropped a good 60-70% in a hurry. Today she mentioned something to the effect that "investors" are paying price for the hedge-fund mistakes. Oh, excuse me, whatever happened to all this altruism when those very hedge funds' stupidity was working in your favor? While many people seem to have suspicion about her claims of winning trades, I give her the benefit of doubt. However, I find her fundamental analysis hollow. I could care less about what she does for herself. But, I am reacting to the fact that there is a large following for her on SI. And despite her "FWIW" disclaimers, I do believe that she is preaching the wrong philosophy. After all, historically steep corrections in stock market happened for some good reason. Neither Ibexx nor Greenspan are immune for huge market downturns caused by human emotions which are essentially triggered by lack of interest in purchasing assets at inflated prices which further causes a liquidity crunch. The fact that markets recovered eventually is no excuse for buying "quality companies" at any price. -MMV

To: DownSouth who wrote (18012)	10/9/1998 11:56:00 AM
From: Cynic 2005	Respond to of 77399

DownSouth, FYI - here is a bottom pick of the "quality" company! #reply-5490245. Also, as I recall, she was very upbeat on the "channel stuffin" Compaq right near its peak. She taunted PFE shorts when the stock was at 112. She added more of SAP to her "quality" holdings at around 50. Perhaps she had real winners since early last year. Then again, every tom dick and harry has. Even Jim Creamer! -g-