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Strategies & Market Trends : The Options Box

QQQ 621.26

-0.1%

Jan 16 4:00 PM EST

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To: TradeOfTheDay who wrote (880)	5/30/2000 10:39:00 AM
From: Mark Z	Read Replies (1) of 10876

I picked up some YHOO & INSP near the open and just sold some CSCO. 58 appears to be short-term resistance. The former are 'day' trades although I may hold until tomorrow depending on what this afternoon brings. Also got some CGO at 30 1/4. FWIW, some of the 2003 leaps opened today including CSCO. $23 for the 2003 60's. I wonder if CSCO will be above 83 in 2 1/2 years... Edit: Just bailed out of YHOO for 2 pts + change. May re-enter if there's a retracement and indication of basing. Edit II: Briefing reports MSDW just upped target of CGO by 1/3 to 45. Gawd, I'm sounding like a touter now <g>.

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