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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Judy who wrote (7049)9/25/1998 10:20:00 PM
From: Cynic 2005  Read Replies (5) of 86076
 
Judy, I have puts on csco. I may short DELL if it touches 70 - no puts on that one. At this time, my target on csco is 30 or lower (I am not kidding.) It really depends on the market catching-up to deteriorating fundamentals and capital/credit contraction. Apart from the general slowdown, financial institutions are among the biggest technology spenders. When we have so much trouble brewing at the Merrill Lynch's and Chase's of the world, I can't see why and how they can keep on spending the way they have been. Then again, I thought csco will tank early this year. -g-
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