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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 76.04-0.3%3:59 PM EST
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To: KeepItSimple who wrote (32467)2/23/2000 10:15:00 PM
From: Gerald Walls  Read Replies (2) of 77400
 
Are you really that daft?

Blah, blah, blah.

Have you read the ragingbull or yahoo message boards?

No, I don't waste my time reading RagingBullshit or Yahooligans. There's nothing there of value, just morons and hypsters running conversations between their several free screen names trying to manipulate those morons. That, BTW, is why you can find just so much penny stock information there, none of which can usually be verified.

I must have counted over a hundred people asking if CSCO was splitting today, or if they would be left out if they didn't buy before the "date of record."

And if each of these hundred clueless individuals purchased an average of 1,000 shares of CSCO ($125k-$135k each) then they would have accounted for a trivial 100,000 shares (less than 0.2% of today's volume). Even doubling that to a quarter of a million dollars purchase per person they would have amounted to less than one-half of one percent of today's volume.

No, the increased S&P-500 weighting is a far more likely to have contributed to today's move. It also is more likely to be mostly-sustainable than a short squeeze or split play, unfortunately for you and your puts (though you'll probably still make some money).
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