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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 72.10

+1.4%

Nov 10 3:59 PM EST

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To: notbullnorbear who wrote (52430)	5/7/2001 7:14:55 PM
From: Robert T. Quasius	Read Replies (2) of 77397

I closed out my CSCO positions (long shares and short puts) the last few days, as I think the stock is a little ahead of itself and earnings will be announced tomorrow after the bell. Based upon recent comments by Chambers, I believe the turnaround of CSCO is still at least two quarters off, and I expect a drop to around $15 on Wednesday. If the stock drops back to the mid teens, I'll be prepared to write some more LEAP puts (Jan '03 $15s) as I think $15 is the short term bottom for CSCO.

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