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Window dressing is over:
funds buy stocks that have that quarter done well, to show that
they were smart and owned them. That was September.
Locking in profits is a plausible explanation, maybe it has
been determined
that by the time CSCO announces, stocks are supposed to increase
in price on good news. MSFT, DELL, CPQ, IBM, INTC, etc. all
had extravagant run-ups, MSFT is dropping now on its good news,
and its failure to buoy further in the AM may be the why of Cisco.
Before a kicker makes that field goal, he takes three steps back,
right? Greg. |
