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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Secret_Agent_Man who wrote (63378)5/7/2002 8:23:55 PM
From: t2  Read Replies (2) of 99280
 
repurchase comments? you mean they cashed out Again! how many insider sells occured last qtr? exercised options? and what amount was that of the total "buyback"?

Well in about 2 days, the Cisco insiders will be free to unload their stock.

Does it not seem like they did one incredible company promotion afterhours? Apart from the stock buyback, I am still trying to figure out what was so great about their quarter and outlook..I am trying my best here to look for reasons to justify that big AH move.
I recall last month's MSFt earnings and realized that the market misunderstood what the company reported...causing it tank afterhours. To me it looks like the same happened here with Cisco but in the opposite direction.

Will be interested to see analyst comments in the morning...I am not expecting those to be consistent with what happened afterhours in Cisco trading..up over 10% is unbelievable with that earnings report.

..or it may simply be a case of the market being ready for a rebound here.
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