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: Jerome who wrote (57167)	2/6/2002 10:28:07 PM
From: MIKE REDDERT	Respond to of 77400

Jerome, CSCO's Market Makers know there are a whole gaggle of after-hours shorts holding overnite... matter of fact, I'd bet that a high % of the AH transactions were shorts. General rule of thumb is that NOBODY is allowed to jump the gun and position themselves ahead of the big players. Thus and therefore, there are good odds that those AH shorts will be wrung out before there is any farther movement... particularly if the MM's have any long axes to grind. Happens all the time... JDSU one of the most recent examples. Those guys were sent scurrying for their lives :) There are other reasons why this is true: 1) Institutions don't sell into panic... although they may promote panic if they are buying. 2) If anything, CSCO's position now is better fundamentally than what was known at the 4 PM close. 3) CSCO is a tier 1 stock, and thus one that must be included in any diversified portfolio. 4) CSCO has sponsorship in a big way. I could go on and on, but from a strictly trading aspect, it boils down to this: You ain't gonna get yours until the big money gets theirs... and if the the big money isn't short or they are un-positioned, you are in their way... and woe be it unto you :) Mike