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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 77.63

-0.2%

2:38 PM EST

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To: John Koligman who wrote (74876)	1/17/2008 10:35:38 AM
From: Elroy	Read Replies (4) of 77400

For income, the bottom of this post pretty much nails it: You mean this? By the way, if you move 30k shares of Cisco per day successfully for a 10 cent profit that's a $750,000 a year income no matter what the markets do. Just an example of what a decent trader can do... If so, my question remains, how do you determine when to buy and sell CSCO each day in order to make your dime/share? Commissions these days make it possible to trade large blocks for a very good living no matter what the market does. It's only good if you make (rather than lose) the dime/share. shorting the first half hour open if it is strong often works (like today) Really? You've still got to pick out the toppish price to get your short right. I agree that commissions are low enough that if you get the prices right, you can make plenty of money on large volumes. But how do you decide at what price you short your stock? If you short CSCO at $25, and then it goes to $26.50, and falls back to $25.50 after the rally peters out, you're hosed. Figuring out at what prices to make your short term daily trades is something that I've never understsood for you day traders. It sounds like what "feels good" or something like that. Maybe it works for you, but it doesn't sound too scientific.

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