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: Hyrulean King who wrote (24862)	5/4/1999 6:11:00 PM
From: James A. Shankland	Read Replies (1) \| Respond to of 77400

Somebody is accumulating these shares for a reason - i've never seen so much selling and then the mm's finally take it back down below 110. Roughly $1.7 billion exchanged hands today trading CSCO stock. These mm's must have some pretty deep pockets if they can "take it back down below 110" at their whim. And how does "somebody accumulating these shares" translate into price dropping? Prices of more thinly traded NASDAQ stocks can be -- and have been -- manipulated by mm's. But it's virtually impossible to do on a stock as liquid as CSCO. Think about it: how many shares of CSCO do you think you have to dump on the open market to drop its price by $3 without bargain hunters bidding the stock right back up? Or maybe it's valuations concerns compounded by the long bond hitting an air pocket? Nah.