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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?


To: Tim Luke who wrote (28216)12/18/1997 12:57:00 AM
From: craig crawford  Read Replies (1) | Respond to of 61433
 
<< Just my opinion but I don't think it is wise to short a stock like csco after it splits. Just think of
all the people who will jump on the stock at this price. >>

Time to load the boat on the C$CO shorts. The only people that need to be careful are the longs. (Especially INTC longs).



To: Tim Luke who wrote (28216)12/18/1997 1:08:00 AM
From: sepku  Read Replies (3) | Respond to of 61433
 
>>>Just my opinion but I don't think it is wise to short a stock like csco after it splits. Just think of all the people who will jump on the stock at this price.<<<

Hey, look at CYMI, one of the finest companies ever to grace the business world. It splits, and then promptly gets crushed by management skipping a conference, ridiculous rumors of its manufacturing plants on fire, ignorant analyst assumptions, the panic dumping by the momentum traders, misunderstanding of its high-tech business by the market in general, 50% its float being shorted, etc.

My 3600 shares got sliced in half to 50% original value today, after being up as much as 35%! Yeah, it split alright!

Style Pts.