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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 82.36

+1.5%

Feb 5 3:59 PM EST

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To: Chuzzlewit who wrote (21132)	1/25/1999 12:41:00 AM
From: Daniel W. Koehler	Read Replies (2) of 77400

Chuzzlewit As in Dickens' "Martin Chuzzlewit"? You and I know that a split changes the economics of the Balance Sheet not one whit. However, not every one who buys stocks knows this and their irrational expectations can drive further buying in a feedback loop. I.e. Stocks go up because they are perceived to be possessing additional value after a split because they go up after a split!. Sort of like the recursive definition of a celebrity - someone who is famous by virtue of being well-known. Ciao, Daniel Long 20 Apr 100 calls!

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