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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.42+1.9%Dec 19 9:30 AM EST

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To: Eric who wrote (59986)6/27/2002 8:07:16 AM
From: larry  Read Replies (1) of 77400
 
Eric, I heard that CNN even mentioned that JPM, MER, and GS used massive buy orders to pop the DOW up 121 points in 10 minutes. The PPT, or D(daily)PT was also active on Monday and Wed. morning. Fed interference in bull market works wonders because the mass are brainwashed to buy every dip. Now it's a totally different story in such a bear market. And I don't think that we need to look at what happened in Japan. That's scary. There is another rumor saying that GS insiders have filed to sell 65 million shares. It will be interesting to see whether this is true.

The Fed is keeping the bottom out of reach, IMHO.

larry
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