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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 76.41+0.2%9:35 AM EST

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To: Eric Dickson who wrote (12249)2/4/1998 10:23:00 PM
From: Ibexx  Read Replies (1) of 77400
 
My 2 cents to offer:

When you decide the stock has reached an intermediate low, instead of buying back the shares, you can also consider the following:

1) Buy y2k LEAPS calls of slightly out of money strikes to leverage the upward move; or

2) Sell out of money puts (short term or LEAPS puts for better premium) so that even if the shares are assigned to you, your cost basis would be quite a bit lower than otherwise. If, on the other hand, the stock keeps going up and the shares are not "put" to you, you would simply pocket the premium and enjoy it.

Regards,
Ibexx
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