To: Ed Forrest who wrote (46050 ) 1/8/2001 3:49:14 PM From: Crystal ball Respond to Blameless CSCO $34->$40-->$50 Still a Buy =[25%-47%GAIN] on bounce to $50 exepcted around end of month imho. CSCO is getting knocked down on the false rumor Thurday and Friday because it is internally reviewing AS IT ALWAYS HAS the analysts various earning models on CSCO so that CSCO can give them better guidanace on theior models, since CSCO ALONE HAS NEVER MISSED AN EARNINGS ESTIMATE and will NOT miss this time either, that and these false California Utility rumors on "CREDIT WORTHINESS" spilling over from Bank of America to CSCO on the false assumption that maybe CSCO shouldn't continue to self finance buyers of its products....every business in America gives credit terms to buyers, that helps buyers buy, and CSCO's products are not such that they are "used up", in the event a small buyer doesn't pay, the routers etc are REUSEABLE, so even this is a false rumor....my guess is tha short sellers got caught finally, and caugh real bad when Greenspan eased Fed interest rates last month, so now they are not only crying and screaming, bu also making up false rumor to cover their short positions so they don't get squeezed. One regulation I would like to see is for retail investors to be able to check a box to prevent ANYONE, their bokerage house, other customers of the brokers etc from be able to short their shares. Back in the "old days" when "long term" menat years instead of days, I knew of many multi-millionaires who took possession of their shares, instead of leaving them in the "street name" of their brokers, just to prevent SHORT SELLING or any other manipulation of the stock that BET AGAINST these multi-millionaires holding the stock, so against short selling they PRUDENTLY were. "Check Box: DON'T SELL ME SHORT" think about it. It may have prevented the sell off last year from being so severe. Anyway, got to buy some more CSCO on close....it will be up this week and into the end of the month.
