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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 75.23-0.5%Jan 6 3:59 PM EST

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To: Jill who wrote (43286)11/10/2000 9:34:02 AM
From: t2  Read Replies (2) of 77400
 
Jill, Thanks for defending me. I am not going to hold it against Eski. A lot of people will talk about a good short trade they have made---10% gains is considered a big deal to a lot of people and they start jumping up and down. If one seizes the opportunity it is sometimes worth taking to risk to make real money.

Things have been tough in the last little while but that is usually when the opportunity to make the big gains emerges. Thanks to the election concerns, this is probably it. I thought it was last month but the election has pushed it to this month.

I would go out on a limb and say that anyone who buys QQQ January calls with a december expiration or maybe January is going to make a lot of money. Of course, it is probably better to use less capital but buying more speculative contracts.
That is usually the environment that has made me the most money. Now the negativity is just getting to be so much it reminds of Oct 98.

I am watching Cisco and wondering why it is not dropping below 50. The answer is simple---just way too much pessimism for to it to stay down.
The PC blowup is adding support to Cisco.
I don't know if it will hold but it will lead to the best short term trading opportunity for Nov calls after the market stabilizes. Cisco at 50 and Intel around 35 will be a no brainer to buy the QQQ calls. For now, i am just watching.
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