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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: besttrader who wrote (21005)	5/7/2001 3:39:40 PM
From: Sharck	Read Replies (1) \| Respond to of 37746

JNPR been selling off most of today, it didn't budge this AM. CIEN selling off here too.. probably same reason. CSCOs out 2nite or tomorrow?

To: besttrader who wrote (21005)	5/7/2001 3:41:26 PM
From: Electric	Respond to of 37746

I am not so sure that whatever CSCO does, the market has already discounted the reduction in estimates, so I wouldnt plan on a big drop in the stock or the group if they come in line or beat the lowered estimates and say that things are getting better on the horizon. I dont think that it is worth the upside burst it may get if any of these things happen. Same reason I didnt buy LU long the other day, the story was bad and the stock didnt hold..IMO CSCO wont be punished unless they havent already let the skeletons out, which I think they have.. Good luck, but take a LIGHT position..

To: besttrader who wrote (21005)	5/7/2001 3:44:37 PM
From: golfnut777	Read Replies (3) \| Respond to of 37746

Deep pockets think CSCO will show improved earnings outlook. Follow the money... Cisco Systems (CSCO – 19.84) continues to see significant amounts of call options activity heading into tomorrow night's third-quarter earnings release. In today's action, options players jumped on the out-of-the-money May and June 20.00 call strikes. Volume across all exchanges at these two strikes numbered in excess of 34,000 contracts at the May 20.00 strike and over 23,000 contracts at the June 20 strike. It is of note that coming into today, the out-of-the-money May 20.00 call strikes boasted open interest of an unbelievable 127,460 contracts, the bulk of which were added in last week's trading. Based on this activity, it is rather clear that some major players are positioning themselves for a better-than-expected earnings report/outlook from CSCO.