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

To: Jimbo who wrote (24765)	4/29/1999 7:00:00 PM
From: jach	Read Replies (2) \| Respond to of 77398

very well said, more like southwardly sideways- Message 9231038

To: Jimbo who wrote (24765)	4/30/1999 1:27:00 AM
From: Uncle Frank	Respond to of 77398

>>Stock is going sideways until earnings catch up with the price of the stock. I think you could say that about the techs in general, Jimbo. Cisco isn't the only stock carrying an optimistic valuation. But there is still a huge wave of cash inflow that will delay the inevitable correction and then dampen its impact when it finally occurs. I believe that y2k concerns (which are mostly pure bull) coupled with high valuations will lead to a significant correction in the late summer, which will create a unique buying opportunity. I plan to have a little cash freed up to take advantage of that situation. Frank btw, I won't take you up on your order to "trust me" unless you can prove that you have a direct line to the Allmighty.