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Pastimes : CNBC -- critique. -- Ignore unavailable to you. Want to Upgrade?

To: Ed Forrest who wrote (3999)	11/12/1999 2:31:00 PM
From: Mark Marcellus	Read Replies (1) \| Respond to of 17683

Not a joke that is what I do every day.CSCO can be a daytraders dream if one is diligent. But this works because the long term trend for Cisco has been inevitably and inexorably upward. Over the past two years it's been a four bagger. This will continue to work only if CSCO continues to trend up. That being the case, why not just buy it and keep it, adding to it on major dips? You'd make more money, increase your free time, pay less in taxes, and greatly reduce your paperwork. If you really have the urge to trade it, you could trade around the core position or try some sort of options hedge. But daytrading a powerhouse stock like this for fractions just doesn't make sense to me.