Read? You See That Room Over There Full of Millionaires!
Anyone personally knows any Cisco employees managed to sell to become real millionaire during Dotcom bubble?
Illusionary wealth in the stock market can unexpectedly shrink very quickly while we are still hoping that it will recover to its past glory.
Currently; which room in which company is full of millionaires?
Telsa?
SEA?
Posts
LOL!
ReplyDeleteCW,
For a moment I was thinking what has Cisco - the security company - got to do with dotcom?
Oh! Its that Cisco!!!
Almost forgot...
During Nasdaq 2000, Cisco was the "backbone" of the internet? At least that was the spin then.
Fast forward 20 years, how many still remember this once upon "must own" FOMO stock?
Then there's Yahoo. Was king before Google came along...
That's why only those with short term memory would apply LONG TERM investing strategies when it comes to high growth tech stocks ;)
Hi Smol,
DeleteIronically Cisco is today quite a good stock, and it's very likely to become a Dividend Achiever this year (10 consecutive years of raising dividends). It's one of those under-the-radar companies that continue to provide essential products & services. It's almost utility-like now, like Microsoft or Google.
But yeah ... those who didn't regularly harvest partial profits during the frothy peaks and/or follow their trailing stops got hammered.
Oh, it's name came from San Francisco, the city in which the company was started.
Interesting note:
Cisco spotted the highest PE amongst large caps in the peak of March 2000 at 196.
Today Tesla's PE is a proud 676 and no one bats an eyelid. LOL.