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To: William JH who wrote (8605)8/3/2000 9:39:58 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
don't forget, CSCO is a HUGE holding of both Fido and Janus...they hold hundreds of millions of shares...they won't allow it to go down by more than a token amount.

i am amazed that there are still so many people shorting the stock...seems to me to be a complete waste. there are so many turkeys that don't enjoy the support or have the financial engineering capabilities of CSCO that one can short...

who cares how overvalued it is...i'd never buy it, but i know that once a technical level is identified as 'must not be broken', these funds will come in and defend that level...that's as certain as the jobs report rally...an inevitability.