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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.32-0.1%Jan 30 9:30 AM EST

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To: Stock Farmer who wrote (45865)1/3/2001 2:17:17 PM
From: chic_hearne   of 77400
 
John,

Holy ratecut batman!

I haven't had much time to look at this, but something doesn't smell right to me. 1) 50 bp, 2) mid term cut, and 3) saying they're will to cut another 1/2 if need be.

Too me, that smells like there's big trouble we don't know about, some pretty serious desperation. Maybe a major bank blowing up?

How about this speculative orgy of a rally? If anyone thought the drunken speculation was gone from this market, think again.

shorts burning

heard that. 2 months salary in Crisco alone in one hour. ;-(( Lucky I got that INKT yesterday, she's up 25% but I already covered half. Guess I'll sell calls into the strength. I got my few points, but this ain't how I wanted 'em.

Ah well, we knew this day was coming and the sooner the better. Now, when to launch the nuclear short strike?

chic
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