SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.42+1.9%Dec 19 9:30 AM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ed Forrest who wrote (54254)8/3/2001 11:34:09 PM
From: Jerome  Read Replies (4) of 77400
 
Monday Tuesday plan for CSCO.......

If you got a plan you got half a chance....

1) I intend to buy some CSCO on Monday as close to 19.50 as possible..

2) I will buy the same number of shares on Tuesday also under 20.00

The exit plan....

1) put in a sell one point higher than the purchase price.OR...

2) when CSCO gets to about 20.40 write the the Aug 20's for about 1.40.

This locks in a decent profit.

There is a good chance that CSCO gets to 21 or 22 and then falls back to 19 .50 by the time options expire. The best example I see of this was the earnings release of ORCL. A good pop on earnings and it settles back into a trading range. Because the national economy is not in good shape, there is not much to drive these tech stocks.

If anyone else has a decent plan for the next few days lets hear it.

Jerome
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext