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

To: Mark The Trader who wrote (50158)	3/18/2001 8:16:45 PM
From: Monty Lenard	Read Replies (1) \| Respond to of 77397

Mark, I have been doing the same as you. Buy and immediately sell calls to cover my butt. I think we have a long grind lower with bear rallies in between. I do see some stocks forming pretty nice bottoms but they formed them a while back and broke to the downside so I am being very cautious. In fact I kinda think I am foolish even buying and selling the calls because I think we have plenty of time. The recovery will be slow and will hurt both the bulls and the bears if they are not careful. Monty