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


To: Gerald Walls who wrote (32465)2/23/2000 7:05:00 PM
From: KeepItSimple  Read Replies (3) | Respond to of 77400
 
Are you really that daft? Have you read the ragingbull or yahoo message boards? I must have counted over a hundred people asking if CSCO was splitting today, or if they would be left out if they didn't buy before the "date of record."

Never underestimate the stupidity of the average investor. Most of them don't even know it's possible to short a stock, or what P/E means.

>Do you really think that people trying to play a split for the first time ever can pile on to the Second Largest Company On Earth in the order of magnitude required to cause today's action?



To: Gerald Walls who wrote (32465)2/23/2000 7:06:00 PM
From: The Phoenix  Read Replies (1) | Respond to of 77400
 
Gerald,

I don't disagree with you and I'm still very long here as well (notwithstanding a very small sale today). But there is still merit to taking a short position for a quick flip...or do you believe we see 140 tomorrow? Hell, I'd love that!!!!

OG