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Strategies & Market Trends : Point and Figure Charting

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To: Bull4Now who wrote (6899)	9/8/1998 10:47:00 PM
From: Jorj X Mckie	Read Replies (2) of 34809

Hi Mike, CSCO - $86 or below would break a double bottom. Lower than $86 would break the BSL and might be the area where you want to think about selling...if that's what you really want to do. Don't forget about the tax implications. I, like the rest of the CSCO employees, am restricted in using most option strategies to protect my position, however selling covered calls is one option that is open to me. CSCO has a DT at $94, if it can't break the DT by moving to $95, it might be a good time for selling covered calls. I like this strategy better than selling shares, but think that buying at $86 (not selling) is the better strategy. But, of course, I am biased......:-) Tom

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