Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Eski who wrote (43020)	11/7/2000 4:30:07 PM
From: GVTucker	Read Replies (3) \| Respond to of 77400

The short interest in CSCO is around 50mm+. For a stock with a float of 7 billion shares, the short interest is so small that is has just about zero influence on the price of CSCO.

To: Eski who wrote (43020)	11/7/2000 4:34:14 PM
From: t2	Respond to of 77400

Eski, I can only cite the trend for short interest in October (mid month settlement dates). It was up 3.7%. It is not a significant change but I think it just showed the trend from September to October. It is not a big deal--I will agree to that. I just think short interest can be a factor if many had been caught off guard with the Cisco earnings report and price movement today. They will rethink their positions and put their money in better shorting opportunities---go after a better target is what I mean. That kind of thinking can't be quantified but I think it will happen this month. It is true it won't cause any short squeeze in the traditional sense as we have seen in stocks like Rambus in the not too distant past. The much more important factors are the ones I cited. I just decided to throw in the small factor of short interest. The nervousness around telco spending that has been talked about so much has made some take money out of Cisco to varying degrees. My feeling is that money is now about to come back especially with the mutual funds buying it. Nervousness usually causes people to lighten up their positions. With that fear out of the way in the coming quarter or two, there is a good chance for the buyers to overwelm the sellers--as I have been posting. Watch it trade even into Friday and you should see what I mean.