Cisco Systems, Inc. (CSCO) Message Board

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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.11

+0.9%

Nov 21 9:30 AM EST

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To: John F. Dowd who wrote (42554)	11/6/2000 5:34:54 PM
From: Don Pueblo	Read Replies (2) of 77400

John, it is difficult to try and outthink the several large day and position traders that are playing the stock at the moment. It is difficult for most people to understand how these short-term players will drive a stock down a few points in order to load up, then drive it up a point or two and reverse their position and go short, etc. etc. If anyone with a big position were really concerned about something they perceive as a negative comment by Mr. Chambers, this stock would be below 50 right now IMHO. I suspect that as usual, the stock ran up in the days before earnings, and whoever was expecting a 2 or 3 cent surprise on a position trade is out. I'm fine, myself. I got out before the recent dip and got back in below 50.

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