Cisco Systems, Inc. (CSCO) Message Board

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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 77.01

+1.0%

9:35 AM EST

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To: NoName who wrote (24874)	5/4/1999 8:30:00 PM
From: James A. Shankland	Read Replies (1) of 77400

they control the price itself. thus, they can buy and sell at whatever price they want. if they want people to sell they will drop the price (they don't need to unload shares for that) and if they want people to buy they will raise the price. It is a novel notion that a single CSCO market maker can, say, drop his ask price by $1, and that that will induce numerous CSCO holders to sell their stock (as opposed to inducing those shopping for a good price for CSCO to step up and buy). Of course, in practice, there are many CSCO market makers, and they would all have to collude to drop the price by $1. You certainly haven't convinced me, but I suspect that I will not succeed in convincing those who believe that CSCO stock moves at the whim of its market makers. Since we've drifted off the topic of CSCO itself, I suggest we simply agree to disagree. For the record, I figure CSCO is due for a small bounce back up between now and earnings. I don't personally expect to see 120, though: the tech market seems a bit tired now, and more inclined to fret about valuation and interest rates for a while.

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