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

To: Stock Farmer who wrote (50187)	3/20/2001 10:55:39 AM
From: willcousa	Read Replies (1) \| Respond to of 77400

I rarely find the bottom so I just try to average down my basis from time to time.

To: Stock Farmer who wrote (50187)	3/20/2001 12:55:10 PM
From: RetiredNow	Read Replies (1) \| Respond to of 77400

well, I'm not going to short until I know exactly what the Fed is going to do with rates. So I'm hoping that the Fed cuts 75 bpts, the stock rallies, and I'll short into the rally. Then I'll cover when Cisco announces the big bath charges, like I think they will. I may not short at all, because I'm already getting cold feet, but logically it seems like easy money to me. But who the hell really knows anyway? Also, the reason why I'm long and going to short simultaneously is that I am comfortable with my long position. I like exactly the amount I have and I have confidence in the long term fundamentals of the story. But my gambling self is coming to the fore. I have a little bit of money I can lose and not care about. I feel pretty certain that Cisco might take the big bath soon, so I figure why not take the gamble? Even so, I don't want to jeopardize my long position or the rest of the portfolio on a whimsical gamble. I know it's convoluted logic, but it is designed to make my conservative self comfortable with me shorting a stock. :)