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


To: limtex who wrote (23331)3/3/1999 1:49:00 PM
From: Doughboy  Read Replies (1) | Respond to of 77398
 
Limtex, I think the 30-40% drops are not a thing of the past; in fact I'm inclined to believe that they are annual, if not semiannual events. If the market esp. the NAZ continues to make 20% breakouts, you have to expect it to snap back on you. Just look at a chart of Cisco over the last three yrs; though there has been no fundamental knock on Cisco (at least one that has stuck), it has had several 30-50% declines. The way I see it, even with a steep correction, I'm still better off than the price we had in November and I have no doubt that we'll finish the year over $120. It's the nature of the beast.

Doughboy.