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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.04

-0.3%

3:59 PM EST

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To: Monty Lenard who wrote (45758)	1/2/2001 6:24:53 PM
From: chic_hearne	Read Replies (1) of 77400

Monty, Today's Crisco selloff didn't look good. It was just steady drainage, volume wasn't drastic and neither were the price swings. Just selling and more selling. Since it didn't look very complete, I'd guess your 31 1/4 might give tomorrow, unless the general market does good enough to prevent farther carnage to Crisco. I'll be looking to add more Crisco at 34 and change. I'm skeptical of a possible DOW bounce if Crisco is added, so I'm not going in with two feet yet. I bought some INKT between 13-14 today. I'm going to write enough calls to bring my cost down to below $10 and then pray that it holds. If not, I'll write more calls as they expire. For example, you can write July 12.5 for $6 which would give a gain of $5 on each $7.50 put in assuming she doesn't go below 12.5 which could be a very real possibility by mid summer. Not that I'm getting bullish or anything, this is just a bet I'll take. chic

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