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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: Ed Forrest who wrote (54133)	7/24/2001 10:08:02 PM
From: Jerome	Read Replies (2) of 77400

Possible selling Plan For CISCO..... l) Yesterday and today CSCO opened up with a nice boost, and only sank because the general market sank. 2) The after market today indicates that CSCO will open up tomorrow. 3) I have no doubt that there is buying pressure between now and the earnings release on Aug. 8th. There are two ways to play it: 1) try a sell on any day that CSCO rises 1 1/2 points . That would be about 19 .65 for tomorrow. 2 But it back at any 1/2 point drop off,. 3)Second choice would be to wait until until CSCO gets to 19.80 and then write the Aug. 20's for about 1 1/2. As I see it its a question of how fast CSCO rises. There is not much downward pressure because of the recent upgrade and the simple fact that anyone who has second doubts about CSCO has had a year to unload their positions. The day to day volatility is just a bet between those that think CSCO is headed lower and those that think it will rise into earnings. Right now the bulls are winning. For those that use TA I would be interested in what the charts say. I don't trade by them but I do consider what the technicians say. Regards, Jerome

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