Cisco Systems, Inc. (CSCO) Message Board

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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 77.23

-0.2%

9:49 AM EST

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To: Wyätt Gwyön who wrote (52644)	5/9/2001 8:40:58 AM
From: uu	Read Replies (1) of 77398

Dear Mucho: Re:which implies a trading range of $10-$15. Per your previous post, whats this to you?! You wont buy till CSCo is at $6 anyway?! And then only if it drops to $3, and perhaps even $1 or $0.50/shr! Now you are not shorting CSCO, are you?! If so please understand the meaning of the following 2 concepts: 1) When you take a long position in a stock your risks of losses are well known facts for which the maximum you can lose is exactly equal to the amount you put into purchasing the stock (plus commissions of course). This is because the maximum a stock can drop is $0/shr. 2) When you short a stock your risks of losses are not known for which the maximum you can lose has no limit. This is because the stock can go up indefinitely without you knowing its upper limit boundaries. Hope that helps! Regards,

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