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To: Poet who wrote (9447)	2/6/2001 10:18:05 PM
From: ajtj99	Respond to of 10876

Poet, I'm probably not in as much pain as you, as I decided to only buy 1/2 as many QQQ Feb. 61 calls as I owned in QQQ Feb. 61 puts. I figured I had a 2 out of 3 chance that CSCO would disappoint somehow. If earnings were met, they disappoint by not beating by a penny. They could still fall short on revenue even if they beat the street. They could also fall short on forward guidance. I figured they'd meet the street and give scary forward guidance. Chambers has been breaking worse news an average of once every 2-weeks or so for the last 2-months. He was due. Good luck tomorrow. I'm closing out my QQQ 61 calls tomorrow and repositioning possibly Monday.