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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 (54472)8/12/2001 10:01:10 PM
From: Jerome  Read Replies (2) of 77400
 
Battle Plan for the week.....

Because CSCO did not break 20 the shares I bought at 19.80 are now comfortably under water...:)

Here is the next move... Don't sell any CSCO... I will write Sept. 20 calls against 1/2 my CSCO shares and hope to get about 1 for them.

The other 1/2 of my CSCO shares I will keep available for short term trading using + 1.50 above the previous days close as an exit point for some shares.

I missed the boat big time with my predictions about CSCO being +20 after earnings.My apologies to all.

But I still feel that one has to have a defined plan in anticipation of events.

Regards, Jerome
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