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Technology Stocks : COMS/USRX
COMS 0.00130-18.8%Nov 7 11:47 AM EST
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To: thomas hayden who wrote (765)3/10/1997 5:53:00 PM
From: Michael Anthony   of 1384
 
Today showed me that I have no clue to how the market works. When I saw CSCO at 48 1/4 this morning before the open, I thought all networkers were going to be crushed. I almost sold at the open but resisted only because the pre-open was higher than Friday's close. I still can't fathom why CSCO traded down all last week, and then up today on a downgrade!! I don't get it, but I'm not complaining. Maybe CSCO being downgraded menas all the bad news is out for the networkers :) Maybe it's short-covering?
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