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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 73.73

+2.8%

2:30 PM EST

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To: RetiredNow who wrote (45476)	12/29/2000 3:00:23 PM
From: bambs	Read Replies (2) of 77397

The people that I talk to have been in this market for years. They have scaled out of some of their long time holdings in MSFT, CSC, NT, LU, DELL, INTC etc. They have made huge gains this year. Because of tax concerns, many of them avoided sell as much of these stocks as they would have liked. I think you will find that long time holders of big cap tech and insiders have realized massive gains this year. There is some selling of losing positions for the right off but you better beleive that many people out there have huge tax bills this year and are waiting until Jan 1 to sell more. I'm not talking about the little guy. I mean big money with boat loads of shares...insiders, ceo's, directors, even funds... bambs p.s. the boys with average prices of $5 in stocks like csco still have some selling to do.

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