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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.18

+0.2%

3:59 PM EST

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To: Ed Forrest who wrote (54554)	8/16/2001 11:44:52 PM
From: Jerome	Read Replies (2) of 77400

Near Term Strategy for CSCO..... Having bought some CSCO yesterday at 17.25...here is the follow up plan. The tech market has been oversold for the past week and a relief rally is due. Rather than sell at a small gain, I intend to wait until the Fed makes a decision next Tuesday or Wednesday. The sell range should be somewhere between 18.75 and 19.25.... At this point the psychology of the market is more important than any numerical quantifier. This plan is subject to change on short notice. (and I will post the change). A second part of this plan is to sell some covered calls on CSCO at the 20 strike for the month of SEPT. for a minimum of at least one. This would imply that CSCO rises to 19 in the next few trading days. Regards, Jerome Leap Players may wish to look at the Jan 2003, 15 strike leaps at about 6.

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