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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.03

+0.8%

Nov 14 9:30 AM EST

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To: jerryrom who wrote (33497)	4/6/2000 9:22:00 AM
From: Zoltan!	Read Replies (2) of 77399

Thestreet.com reported that those rumors were groundless. ....With a few minutes left in the trading session, some rock people -- traders who live under rocks -- came out from their lairs and decided to spread some nasty rumors about Cisco (CSCO:Nasdaq - news - boards) and accounting, all of which were immediately denied. We used it to buy some Cisco at the bell, but it is constantly distressing to have to battle these bogus rumors meant only for one thing: to kill rallies. When you hear the rumor your first reaction is to panic. "Accounting irregularities = sell" -- that's what the Post-It says on my quote terminal. But the bears sometimes stoop to any level to get the job done. They always pick on the best-acting stocks, which, not coincidentally are the best-run, most honestly-accounted-for companies: Intel (INTC:Nasdaq - news - boards), Cisco and General Electric (GE:NYSE - news - boards). They are always refuted. But in the interim, they destroy the momentum, make a mockery of the system, and of course, allow the shorts to bring in their positions at much better prices. thestreet.com

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