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


To: Ed Forrest who wrote (54478)8/13/2001 8:33:11 AM
From: Jerome  Respond to of 77400
 
>>3% stop loss<<

For myself I would consider that a pretty tight band. CSCO can move that much on any given day, and usually does. It would be my preference to buy a stock between two option strike prices. Example ... CSCO has option strike prices at 17 1/2 and 20, so a good entry point would be 18.50 to 18.70. If the stock rises I have a choice to either sell out or write the 20's . If the stock falls I can write the 17 1/2's or the 20's for the curent month, depending on the outlook.Lots of ways to make a buck, but like fishing a little patience is required.

Regards, Jerome



To: Ed Forrest who wrote (54478)8/13/2001 12:26:59 PM
From: Gottfried  Read Replies (1) | Respond to of 77400
 
Ed, re >if anyone makes financial decisions based on what you, me, or anyone on this or other threads says is an idiot.<

You're going to lose all your admirers if you call them names.<vbg>

Gottfried