Cisco Systems, Inc.Education
$CSCO's rally from $00.08 to $80.00 in log-scale from 1990-2000
$10,000 invested at $0.08 would grow to $1,000,000.
This chart is an amazing run that everyone should have a look at.
When we look at the chart of
BTCUSD or other monster gains in stocks or in any market, we often see 75% retracements and many 50% retracements, but only 1 50% retracement in this chart of CSCO.
I remember the top very well and not many could believe that it would top since it had been rallying so pervasively for 10 years.
Whenever you think that anything can keep growing forever, remember this chart to remind yourself to always look at your investments rationally.
Cisco peaked here and hasn't made a new high since, for 17 years now.
Why didCSCO peak right then?
Research it and see if you can find out why.
Tim
12:18AM May 31, 2017
This chart is an amazing run that everyone should have a look at.
When we look at the chart of
BTCUSD or other monster gains in stocks or in any market, we often see 75% retracements and many 50% retracements, but only 1 50% retracement in this chart of CSCO.I remember the top very well and not many could believe that it would top since it had been rallying so pervasively for 10 years.
Whenever you think that anything can keep growing forever, remember this chart to remind yourself to always look at your investments rationally.
Cisco peaked here and hasn't made a new high since, for 17 years now.
Why did
CSCO peak right then? Research it and see if you can find out why.
Tim
12:18AM May 31, 2017
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