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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (49891)	3/12/2001 11:34:50 PM
From: Mark The Trader	Respond to of 77400

I have 4 accounts : IRA Long Term Investment trading Swing Trading and covered calls Day Trading I am buying stocks now and writing calls , all I want is the premium so I tend to wait for the stock to hit a strike price then buy and write the calls. I like short stocks on run ups in my Day Trading account and will be happy with 1/4 to 1/2 a point on any trade. I Only play a few stocks , INTC , CSCO, DELL, ORCL, JDSU. I bought SUNW at 17 3/16 and wrote the April 17.5 call for 1 7/8 . I will probably buy some ORCL if it dips under 15 and more CSCO and write calls on it also . I have a lot of cash to buy stocks so this strategy may work out well if the stocks stay in a tight trading range. Opportunities like this dont happen very often , remember the last tech mess a few years ago?? I agree with your leap stragegy (although I might buy in the money also) , 2003 leaps I think are the way to go very soon .