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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.07

-1.1%

Dec 1 3:59 PM EST

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To: Jimbo who wrote (28671)	10/10/1999 11:01:00 AM
From: Uncle Frank	Read Replies (1) of 77400

>> I am curious about your experience with QCOM were you selling them during QCOMs recent dip to 153 ? No, my error was earlier this year. I sold August cc's for 4/sh. in late July when qcom was in the mid 150s. The stock dipped for a time and I could have closed the position for 5/8, but I got greedy and decided to wait for expiry. Q began to rally in the final week and I bought the calls back for a huge loss. That was a good decision as Q continued to run. I decided that the upward bias of Q was too large to sell cc's, so I've just held the common since. Thanks for the insights into your strategy. uf

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