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

To: Hector who wrote (22469)	2/12/1999 12:33:00 AM
From: Jorj X Mckie	Respond to of 77397

David, What about hedging the position with puts. Avoid those nasty tax bills and such and maintain your position. Not advice, just an alternative. JXM

To: Hector who wrote (22469)	2/12/1999 2:12:00 AM
From: MMW	Respond to of 77397

Thank you for your kind words! I figure if my expectation is reasonable, then I will not disappointed too much if things does not go my way. I think you right about CSCO valuation being high, but I am not sure this thing will go back down to $70s. If it does, it is within my bargain range. I may buy a little more. I have held this thing for more than 6 years. The experience seems to suggest that every time it went down 30-40%, it was a good buy. Given the market are still hunger for CSCO products, I figure this thing still have long way upside to go. Hope you share the same view. Cheers! Mike