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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?


To: Eski who wrote (32245)2/11/2000 1:35:00 PM
From: The Phoenix  Read Replies (2) | Respond to of 77400
 
I'd expect CSCO to bounce at the end of the day.... this is expected given the run up but buyers will come back in to take advantage of the "relative" discount. Fact is the analysts and money managers are all over this thing and will accumulate on the dips... This is one where that will occur.. watch thing turn at around 2:30-3:00 EST.

OG



To: Eski who wrote (32245)2/11/2000 1:37:00 PM
From: The Band Leader  Read Replies (1) | Respond to of 77400
 
CSCO market value of 447.75 billion.

Does everyone understand the magnitude of that number? Only 6 billion people in the world. You do the math.
There are 3.42 billion shares. Sales are approximately $4.28 per share. It's a great company. It's been a great stock, too. But this is ridiculous.

Someone said here the other day that they bought CSCO at some ridiculously low price when "there was blood on the Street." This week there was confetti on the Street. To me that's time to sell. Most of you didn't want to, but I borrowed your shares and did it for you.

As someone suggested, I'm considering changing my name to Gorilla Balls for having the audacity to short a "Gorilla stock."