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Strategies & Market Trends : The Thread -- Ignore unavailable to you. Want to Upgrade?

To: Wes Stevens who wrote (43833)	4/17/2001 11:50:46 AM
From: KevinMark	Read Replies (1) \| Respond to of 49816

>>>The market shrugged off the cisco news for now<<< Exactly, key words are "for now". There has to be a vested interest to keep csco afloat after horrible news. Institutions control this market and they loaded the boat around 1600, based on past volume. IMHO they are sucking in more and more shorts based on all this negative news. Take a look at the low today for csco(15.78). The institutions are holding it up for a reason. I watched it trade closely last night, as with other warning candidates after announcements. Someone came in last night at around 15 3/4 and bought the stock up. It hasn't fallen below that point today. My point is, institutions are purposely holding shorts at bay, because they are already in at much lower prices. We have options expiration this week. Why in the world would puts be in the money when the institutions are long since 1600? They won't, because that's where the masses flocked to. Institutions will continue to drive prices higher and shorts will continue to cover, and the market will continue to rise for the very short-term. If the markets haven't imploded on the csco news what will it take? Terrible news from intc that everyone expects to be terrible in the first place? We're going up for the short-term. Good luck.