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Technology Stocks : CSCO, COMS, BAY

CSCO 73.11

+0.3%

Oct 31 9:30 AM EST

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To: Jeff Raihanan who wrote (76)	6/5/1996 3:19:00 PM
From: olduser	of 135

The rally caused by short covering will only be the gravy for an already strong stock with upward momentum. Don't forget that a bunch of Magellan money will move from the 15% bond position to stocks; Stansky the new portfolio manager has CSCO as one of his top holdings in his current Fidelity Growth portfolio. Look out for big blocks traded in CSCO with upward pressure and exacerbated by unwinding of the shorts. Furthermore, given that the growth has been over 100% in the last few years, the P/E of about 40 makes the stock a layup. Back up your truck and load up on this outstanding stock!

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