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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 73.87-0.1%Jan 9 9:30 AM EST
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To: John Malloy who wrote (43385)11/13/2000 12:16:22 AM
From: Gary Burton   of 77400
 
John--think of it as rubber ball falling from the 10th floor vs one falling from the 35th floor--when the 35 ball hits the ground, it will tend to burrow furthur into the ground than the 10ball.--the tendency will be to overshoot on the downside to a greater extent than would otherwise seem reasonable...mega upside overshoots tend to induce mega dnside overshoots-based mainly on momentum.
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