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


To: jach who wrote (16590)8/31/1998 1:35:00 PM
From: mrknowitall  Read Replies (1) | Respond to of 77400
 
I think the biggest driver of all today is good old-fashioned greed. Look at the longer charts, folks - I think at least a good portion of the sales of the last two or three weeks (or even more) are profit-taking on longer-term buys (from back during the May run-up, and that most investors have not crossed over the line into taking losses to put money elsewhere. The cash is accumulating - waiting in the wings to go in and get another round of bargains to go through the cycle again.

Could be wrong - JMO.

Mr. K.