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To: Jim McMannis who wrote (94067)12/15/1999 3:42:00 PM
From: Ibexx  Read Replies (2) | Respond to of 186894
 
Jim,

Normally not a short-term options player, I bought CSCO Jan80 and 90 calls when the stock was deeply mired early in the morning, and that's how confident I am about CSCO near-term (2-6 weeks).

There will no doubt be a market massacre sometime after the new year, as it has always been the case, but CSCO will be the last to drop and first to rise. I've been long the stock for more than ten years and have NEVER sold a share. Just trading the options as a hedge.

Ibexx