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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 77.98

-0.2%

1:40 PM EST

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To: Lucretius who wrote (11118)	12/21/1997 12:35:00 AM
From: sepku	Read Replies (1) of 77400

>>>Style, just found this thread. I'm short w/ ya. What's your downside target?<<< I don't really have one. I was contemplating covering before Friday's close and locking in the $4G, but I changed my mind. I hate holding over the weekends, but all the news I've been reading has been very negative...did you catch that latest report from the IMF on the Asian situation? Very bearish. I hoping the expectations for CSCO get shaved a few pennies...maybe compress that forward p/e a little. I might cover at 50. I'm thinking about a straddle...if CSCO hits 50 and below, opening up a long position and using that as a hedge to keep the gains on my short. >>>To the rest of the thread: please no hate mail because I'm short- I'm not here to dog you personally, just lookin to make a buck.<<< Apparently, the consensus seems to be that shorting is taboo. Style Pts.

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