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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.42

+1.9%

Dec 19 9:30 AM EST

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To: Jerome who wrote (53990)	7/10/2001 6:42:12 PM
From: RetiredNow	Read Replies (1) of 77400

My opinion is that it was a pretty risky move buying anything this close to the earnings. I would have waited until the end of July or right after the announcement, so you eliminate the risk of more bad news, which is entirely possible, though I don't believe probable. At any rate, you're in a tough position now for flipping the stock, because if we do get bad news in a few weeks, this stock will revisit the low teens. If we get good news (read met earnings and good con call), as I've stated before, we could find a new basing pattern between $20 and $25 from the current one between $17 and $20. In the mean time, the stock is liable to trade right at or below $17 a little in response to all the other shitty news coming from the other tech and networking companies out there. Anyway, buying options before then just magnifies the risk I outlined above. Your call, but I've made no new moves recently (except slowly liquidating some of my other tech holdings and transferring the cash into countercyclical mutual funds; haven't sold Cisco yet).

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