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

To: Jerome who wrote (53990)	7/10/2001 6:42:12 PM
From: RetiredNow	Read Replies (1) \| Respond to of 77400

My opinion is that it was a pretty risky move buying anything this close to the earnings. I would have waited until the end of July or right after the announcement, so you eliminate the risk of more bad news, which is entirely possible, though I don't believe probable. At any rate, you're in a tough position now for flipping the stock, because if we do get bad news in a few weeks, this stock will revisit the low teens. If we get good news (read met earnings and good con call), as I've stated before, we could find a new basing pattern between $20 and $25 from the current one between $17 and $20. In the mean time, the stock is liable to trade right at or below $17 a little in response to all the other shitty news coming from the other tech and networking companies out there. Anyway, buying options before then just magnifies the risk I outlined above. Your call, but I've made no new moves recently (except slowly liquidating some of my other tech holdings and transferring the cash into countercyclical mutual funds; haven't sold Cisco yet).

To: Jerome who wrote (53990)	7/10/2001 6:58:12 PM
From: Ed Forrest	Respond to of 77400

My question is this: is dollar cost averaging down a good strategy for CSCO, or any other stock? Jerome I'll venture an opinion but not advice. DCA can be taken to another level. In order to maximize profits one could do the following............. Instead of buying an equal amount of shares you could increase your next purchase amount by the percentage that the stock has declined. Conversely one would decrease the next purchase amount by the percentage the stock had appreciated. Cheers