Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: CpsOmis who wrote (86551)	2/7/2001 12:24:59 PM
From: ItsAllCyclical	Read Replies (2) of 95453

EEE, yea I'm still holding tight. Doesn't look like it's about to roll-over to me. Earnings reported on the 12th. Buyout news could come any day at this point. In the past it has gone on and made a new ST high before it rolled over. Also a spike of .2 or .25 is likely soon if it fits past patterns. I think it could break 3 before this ST run is over. Either way too close to the buyout date. Given these prices I'm more inclined to think the buyout will be in the high 3's to low 4's vs low to mid 3's - just a hunch. Started a CSCO position today at 31 1/4. Downside maybe 25, but will gradually add every couple months. Don't mind selling covered calls on this one and holding LT. Still expensive, but also highly sought. If Intel can rally one day after bad earnings and a bad outlook for next Q, then CSCO should fit the bill as well. Maybe the upside is limited over the next 6 months, but so is the downside imho. (Just added more at 30 1/2).

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