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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: chic_hearne who wrote (50478)	3/27/2001 3:03:58 PM
From: GVTucker	Read Replies (1) of 77399

Sorry, chic, I don't buy that at all. If an OTC trader at a firm like GSCO built significant inventory in CSCO, he'd be out on his butt in a day. If GSCO wanted to play an Abby bounce (and, BTW, I don't think they did), they'd have bought S&P futures. Much lower risk, and you can still get a pop. Salomon would play Henry Kaufman pretty heavily back in the 70's and 80's in the bond pits, but the major firms learned their lesson soon after that. The risk/reward isn't there, playing the guru game. And, say what you will about their ethics, but the people at GSCO aren't stupid.

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