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Strategies & Market Trends : The Thread -- Ignore unavailable to you. Want to Upgrade?

To: Wes Stevens who wrote (46076)	5/8/2001 1:51:55 PM
From: CrayUSA	Respond to of 49816

I agree with both of you. I think today is better to scalp and in the morning better to buy. Most people will be buying CSCO on this bad news because IMO---it may well be the last bad news for awhile. I just prefer to pick-up NTAP here as a hold for next Tuesday and scalp CSCO,, as a matter of fact gone now. NTAP is a better buy and I have more faith in their reporting earnings. Cray

To: Wes Stevens who wrote (46076)	5/8/2001 1:53:57 PM
From: KevinMark	Read Replies (2) \| Respond to of 49816

I agree, but I think the institutions will wreak havoc on the shorts this week, and then cause a sell-off next week, before options expirations on Friday, and because the put/call is heavily weighted to calls. Therefore, the institutions will wait for the last moment to drive prices down, so that all the calls bought will expire worthless. Remember the last time the institutions held prices at bay in A/H's after INTC released their earnings only to cause massive short covering for the next 2-3 days? I think the same applies here.