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


To: Robert T. Quasius who wrote (50808)3/31/2001 12:31:03 PM
From: stock bull  Read Replies (1) | Respond to of 77400
 
Hi Robert, I agree that Csco appears to be way oversold. However, there may be some more room for the stock to go down. This will depend on whether or not Csco issues a warning. Many on the Street think will warn. IMO, Chambers has been talking the stock down. If I'm correct on this, then they may indeed issue a warning within the next week or so. Chamber's taking the stock down may be his way of "cushioning" the news. In any event, the next few weeks should tell the story.

I like the strategy of selling "puts". I think you will do very well with this trade.

Stock Bull