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Strategies & Market Trends : Joe Stocks Trader Talk

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To: Jeff O'Brien who wrote (22)	2/3/2002 11:31:59 AM
From: Joe Stocks	of 787

Jeff, CSCO- Took short position home. Under the current scrutiny of financials I ponder if CSCO's earnings report becomes a focus point. I think the street may really dig deep to find underlying problems such as in vendor financing arrangements. Also, with all the cap-ex cuts we are seeing I don't see how CSCO can be very positive going forward. I watch CSCO closely and trade it almost daily. Upswings seem to come on lower volume and they never seem to hold. I may lighten up before earnings this week as the market makers may try to drive prices up before earnings to sell at higher prices. I think we see an attempt at some kind of "painted" reversal. Joe

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