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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 73.87

-0.1%

Jan 9 9:30 AM EST

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To: GVTucker who wrote (54781)	8/30/2001 11:35:48 AM
From: larry	Read Replies (3) of 77400

GV, Thanks. But I got the Sept. 20 and 17.5 puts at 2.20 and 0.75 last Friday. The 20 put hardly basically no premium. If you look at the price of both of them now, it's a steal. I am closing the Sept. 20 now and will hold the 17.5 until it goes to 2.5. We might see another electric cat bounce but I am pretty confident that we need to at least test the April low. It should hold this time around. But 3 more tries should break it. I will roll over to Oct. puts on CSCO when the rally comes. It's strange that I don't smell any fear and blood, which is a strong indication that we are going much lower. larry

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