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

To: HH who wrote (54113)	7/23/2001 11:47:24 AM
From: kvkkc1	Read Replies (1) \| Respond to of 77400

Although Greenspan's going to give about verbatim testimony to the Senate tomorrow, some of the questions and answers may offer a little more insight into upcoming Fed action. Looking at the earnings debacle that is going on this quarter, and listening to analysts try to put positive spins on them is atrocious. I see no catalyst to move stocks upward and am had a lot of success with puts on IBM and MSFT during the last month and a half. I want to see some concrete signs of improvement at CSCO. They may move up to the range you proposed, but even though I am long, I don't see current conditions warranting the move. I'll take it, and maybe sell higher out of the money calls if the pop occurs. CSCO has a pretty impressive base building, but needs some positive news to get things going. 80% drops in yoy earnings aren't my idea of impressive results. jmho.knc