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Strategies & Market Trends : The Options Box -- Ignore unavailable to you. Want to Upgrade?

To: TradeOfTheDay who wrote (885)	5/30/2000 10:55:00 AM
From: Mark Z	Respond to of 10876

re: CIEN...in this market, if you have a profit on a tech stock...take it. It appears I got out of YHOO too early but, believe me, I don't mind at all. I'm not going short yet. I, too, will hold off on CSCO only because I'm long enough shares in my retirement acct. When CSCO breaks out, it breaks out and there's no mistaking it. Other than little swing trades, I'll wait until/if that happens to add.

To: TradeOfTheDay who wrote (885)	5/30/2000 11:06:00 AM
From: Mark Z	Read Replies (1) \| Respond to of 10876

From Briefing: 10:24 ET Cisco Systems (CSCO) 57 1/4 +2 5/16 (4.2%): --Update-- Out of the starting blocks aggressively but stalls just shy of last week's high ($58 7/16). Short term, while $56/55 intact positioned for further progress. Next resistance at $60/61 (congestion) and $63/64 (May 12 high/100 day moving average/trendline off Mar/May highs). I'm short some July 65 puts that I rolled out to having been short May 65s. I'd _love_ to see 61!! Premium erosion would make that a profitable trade. BTW, are you still long the OEX calls you bought a week and a half ago or did you bail and initiate a new position?