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

To: SyncMan who wrote (51326)	4/12/2001 4:23:19 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 77400

Sold my CSCO calls today, at the close. I had intended on waiting till the stock hit 19, but I have a decent profit, and I needed the money to buy NVLS puts. Although you don't believe in charts, take a look at the NVLS chart of the last 6 months. The stock has stalled, right at 48, about 5 times. I figure, in a bear market, the odds are better with puts instead of calls, since the trend is with me. If you really intend on holding CSCO for 20 years, you probably got a good price. Do you have more cash, to buy more in case we see single digits?