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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.04

-0.3%

3:59 PM EST

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To: The Phoenix who wrote (18028)	10/9/1998 12:33:00 PM
From: Dr. Bob	Read Replies (2) of 77400

Gary, You seem to assume that those who sold at 42 did so out of fear. From what I read, a good deal of the selling going on was from hedge funds which had to liquidate their positions; undoubtedly, individuals in a similar situation (margin calls) were involved as well. This is not fear, and it is a good example of how an excellent company which has given no indication that it wouldn't meet its targets can still get hurt in a general market downturn; a good example of why people should avoid getting too highly leveraged unless they're absolutely sure it's the bottom, etc., etc. Bob

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