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

To: Freeflight who wrote (24859)	5/4/1999 4:18:00 PM
From: GRANOLA	Read Replies (1) \| Respond to of 77400

be patient...i just wish i had been and then i would have bot a bit lower this afternoon...it will be up to 117-120, IMO, by monday. cheers, GR

To: Freeflight who wrote (24859)	5/4/1999 4:47:00 PM
From: RetiredNow	Read Replies (2) \| Respond to of 77400

Hey Freeflight, didn't mean to be overly rude. You know, I've been reading alot about SAN's recently. It seems like a very timely idea. I don't know how long they've been around, but I like what I see. I guess that ties into the idea of using an Internet based storage company for a company's routine backups. As bandwidth becomes less scarce, I bet this area will take off. As far as your Cisco investment, I wouldn't sell for a loss. Cisco may be one of the very few stocks no one should ever have to sell at a loss. Just hold on for 18 months. With the kind of money you are investing, taxes should be a major concern for you. Why not get the tax break from buying and holding rather than paying out much of your earnings to the government. Incidentally, that's how I know many of the posters who claim they are wealthy are in reality not. Because if they were, then their accountant or someone would have informed them that daytrading takes more bite out of their earnings than buying and holding. For the really rich folks, taxes become a major issue. Not saying that you aren't, but if you have that much on the table, do some research into the whole tax issue of the quick in & out.