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

To: chic_hearne who wrote (51296)	4/11/2001 3:50:53 PM
From: willcousa	Read Replies (1) \| Respond to of 77399

You can say that again. One day does not a bull market make.

To: chic_hearne who wrote (51296)	4/11/2001 5:18:53 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 77399

It always amazes me, how every uptick is heralded as proof that the bottom is in. Even if the SOX does a 50% upmove off its recent bottom (like it did in January), even if CSCO goes to 35, the bear market is still intact, and the most likely expectation for the future, is that new lows will be set. Is anyone listening to what NTAP, EMC, Lam Research, MOT just said? I bought CSCO at-the-money calls when the stock was at 15.75 recently, and I'm going to take profits when it hits 19. When this bear rally peters out, I'm looking to short NTAP (at 20), and NVLS (at 48). Might even short CSCO.