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

To: KeepItSimple who wrote (32467)	2/23/2000 8:08:00 PM
From: Jeffrey D	Read Replies (3) \| Respond to of 77400

Simple:<<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.>> Well, Simple, unlike you, at least they are smart enough to be able to get their dates and times right. If they thought they had to buy CSCO to be on record to get the split then they would have had to buy YESTERDAY, not today. See below. Geez, and you have the guts to comment on the intelligence of others. LOL! Jeff "Cisco's board of directors authorized the splitting of the company's common stock on a two-for-one basis for shareholders of record on February 22, 2000. Shares resulting from the split are expected to be distributed by the transfer agent on March 22, 2000."

To: KeepItSimple who wrote (32467)	2/23/2000 9:32:00 PM
From: TigerPaw	Respond to of 77400

if they would be left out if they didn't buy before the "date of record." I don't really buy it, but I have been deluged this year by people I know from work wanting advice about buying stocks. They have for the most part never had more than a bank savings account before or maybe a few mutual funds. Their most common questions are about options. TP

To: KeepItSimple who wrote (32467)	2/23/2000 10:15:00 PM
From: Gerald Walls	Read Replies (2) \| Respond to of 77400

Are you really that daft? Blah, blah, blah. Have you read the ragingbull or yahoo message boards? No, I don't waste my time reading RagingBullshit or Yahooligans. There's nothing there of value, just morons and hypsters running conversations between their several free screen names trying to manipulate those morons. That, BTW, is why you can find just so much penny stock information there, none of which can usually be verified. 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." And if each of these hundred clueless individuals purchased an average of 1,000 shares of CSCO ($125k-$135k each) then they would have accounted for a trivial 100,000 shares (less than 0.2% of today's volume). Even doubling that to a quarter of a million dollars purchase per person they would have amounted to less than one-half of one percent of today's volume. No, the increased S&P-500 weighting is a far more likely to have contributed to today's move. It also is more likely to be mostly-sustainable than a short squeeze or split play, unfortunately for you and your puts (though you'll probably still make some money).