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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 84.78

+2.9%

3:59 PM EST

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To: RetiredNow who wrote (68126)	6/24/2005 8:43:04 AM
From: J L Segal	Read Replies (1) of 77400

Hedge funds (who are heavily short tech & telecom) again pushing up oil to keep stocks in check, IMO. How many times have we seen a strong tech rally nipped in the bud by rising oil? ...and, how many times have we heard that the hedge funds are the ones that keep pushing up the price of oil, purely on 'technicals'? ..... always, just in time to stop a strong tech rally that could quickly ignite heavy short covering. Hmmmmmm.......

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