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


To: Ed Forrest who wrote (54092)7/19/2001 11:28:29 PM
From: Jerome  Read Replies (2) | Respond to of 77400
 
Here's the CSCO plan that I intend to follow.

1) Tomorrow being options expiration, anything can happen. CSCO could finish up or down 1 1/2 from todays close.

2)If CSCO stays to the upside tomorrow I will wait until noon eastern on Monday to buy. Mondays have recently been very bad down days. The Monday after options expire is usually a down day. Noon eastern is when most of the traders and brokers go for lunch and this gives the market a little more downward pressure.

3)I want to be long as much CSCO as I can afford going into earnings. No matter at what price I will buy CSCO, a sell for the shares will go in at $19.80. After all 1980 was good year and it doesn't get more scientific than that.

4)For the next two weeks I will tune out all analysts and negative posters because I know that they are just guessing, and I can guess just as good as they can.

Regards, Jerome