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

To: Ed Forrest who wrote (53951)	7/9/2001 8:56:42 AM
From: Jerome	Respond to of 77400

Another simplistic approach would be this****** Buy CSCO on the third consecutive down day. (buy at the close). CSCO could go down a fourth or fifth day buy most of the selling pressure will have been released. For me the idea is not to spend a whole lot of time watching the market on a hour by hour basis. I do have horses and mules that need attention and feeding. If I bought CSCO today on the open I would automatically put a sell order in (immediately) at 10% over my purchase price as a day order. If that did not sell then for tomorrow I would use either of the following (depending on market conditions) 1) Place a sell order 1 1/2 points over the previous close, or a sell order GTC at 20% over the purchase price. I think that buying is the easy part and letting go of the stock is the hard part. We all think that just as soon as I sell CSCO at 19, its going to go to 30 the next day. This is a mental illness that affects all traders and especially the LTB&H group. I think the cure is a cold shower. Lets keep the discussion going on short term trades. We can all take from it what we need and I hope we all prosper. Regards, Jerome