Should I sell my Cisco (CSCO) stock?

Question

I was in idiot in 2000 (I was also only 19) and bought Cisco when it was at its highest ($133/share). I bought 11 shares, and it split. I now have 22 shares with about a $900 loss thus far. Should I just call it quits and cash out?

Answer 1

Normally, I would say sell CSCO, but I was just reading about the fact that we are running out of static internet addresses, and how CSCO will benefit. Here is a link on it:

http://www.top10traders.com/ViewPost.aspx?postID=104

This article is from http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can also read posts on investing from the best traders, as well as share your own investing ideas.

Here are this month's best traders:

http://www.top10traders.com/Top10Standings.aspx

Good luck.

Answer 2

Well buying back stock is done for a number of reasons(buying does drive up the price of stock) and I would disagree that it's always wrong. That said, you might go to Yahoo Finance, which has a number of free resources to research your stock and see what the analysts from different firms are saying. Some will say Buy, some Hold, some Sell, but it may help you make a personal decision. Remember when Google went public, many analysts said Wait to Buy until it gets cheaper-and it never has! And don't feel like an idiot unless you were gambling cash you needed in the short term. The stock pickers(analysts) would like you to believe they have all the answers!

Answer 3

Well, the chart trends upward very nicely so hold on for a while. You might consider a stop loss somewhere around 19 or 20, where it made its jump in early August.

Don't kick yourself too hard, there were piles of "idiots" back then, I was fortunate enough not to be one of them, but I have had my moments when I was stupider still than that. Patience. Cisco is a good company, you could certainly do worse.

Answer 4

CSCO is a premier technology internet company but they have a problem that leads me to believe they will underperform the market for some time to come. They issue a gargantuan amount of stock options which tends to dilute the earnings. In order to counteract that they buy back gargantuan amounts of their stock. Not a good use of investor money. In fact a very poor use of investor money which gives zero return. Basically they are using investor funds to reward company officers.

In my opinion, take your loss and invest in a company that does not buy back their stock.

Answer 5

You have already waited 7 years. Think about all the interest or capital gain you had, if you would have sold sooner. Take your money and invest somewhere else. The stock is not going to reach your breakeven point anytime soon. The days of 2000 dot com boom is over.
Take your money and invest somewhere else.

Answer 6

You could make a few thousands more washing dishes at any restaurant after school for $4.15 USD per hour by now.

Forget about the Stock Market.

What you really need is an MBA from an Ivy League and you will get $200,000.00 USD per year after graduation.

Answer 7

Sell it in June of 2007

Answer 8

i think u should sell and buy either oracle or symantec...