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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (65206)7/25/1999 9:18:00 AM
From: Uncle Frank  Read Replies (1) of 132070
 
Good morning, Mike. Following my disgusting roundtrip on mu, I'm looking for my next play on the downside (practicing for the next bear market <g>). With anyone posting good numbers getting hammered, Cisco's looking like a great opportunity. Earnings will be released on Tuesday, August 10. The (guided)consensus is .21, which means a 90% confidence that they will hit .22; surely they will sell off on the 11th. This would seem to be a good opportunity for LT csco investors like me to raise some easy cash by writing calls or buying in the money August puts.

Regards,
Frank
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