Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Eric L who wrote (24070)	3/31/1999 11:26:00 PM
From: RetiredNow	Read Replies (3) \| Respond to of 77397

Wasn't sure if you were kidding around or not, Eric. But just in case you weren't, Gary and I and some of the others were just goofing off. Companies like Cisco have always traded with a fairly high PE. You should definitely NOT make decisions based on PE in isolation. If you invested in QCOM, it looks like you made a really great decision. Everyone has different methods of investing, be it technical daytrading or fundamental long term. I am a fundamentalist. So for the most part I buy a stock and hold until the story changes. So if you own Cisco, you should be a happy person right now. Sure Cisco may fluctuate in the near term. Hell, if there is a selloff due to Y2K panic at year end, Cisco may even trade at half of what it is trading at now. But let me tell you the power of long term holding. If Cisco lost half of it's value tomorrow, I would still be at more than a 100% gain in about 2 years time. Others here would still be at several hundred percent gains. So who cares if it's overvalued right now. Just wait until it swings down and buy some more. But whatever you do, don't sell your good ones. Let them keep running until the story changes. As far as Qualcomm goes, I haven't followed them, so your best guess is probably better than mine. Good luck to you!

To: Eric L who wrote (24070)	4/2/1999 9:10:00 AM
From: DownSouth	Read Replies (1) \| Respond to of 77397

Eric, pardon me for jumping in (PMJI), but I couldn't tell if you are kidding or if you are really that unsure of yourself. I strongly suggest you do some serious reading about high-tech investing, unless you are better grounded than your post would indicate. For starters, pick up a copy of Geoffrey A. Moore's "The Gorilla Game--and investors guide to picking winners in high technology". You will benefit whether you are an experienced investor or not. Good luck in your investing, and, imo, selling CSCO anytime during the next 5 years would be a regrettable mistake.