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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Pink who wrote (6055)	11/17/2001 12:25:59 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 6873

Anyone here gutsy enough to be short CSCO at this level? It has been struggling through it's 200dayMA and are tremendously overbought technically, but they will be unveiling a new product on Wednesday using technology gained from their Cerent acquisition. Interested in the opinions of others. Hawk

To: Mr. Pink who wrote (6055)	11/17/2001 1:45:12 PM
From: Jim@Inland	Read Replies (1) \| Respond to of 6873

I covered even my core position in WEBX . I just couldn't see it going straight down? However, in case it does, I sold the Dec 40's, 35's, and 30's. I just got started selling the dec 25's on Friday, So if it goes back to 40.00 I'll have a perfectly allocated short position with an average of about 42.50:) If it tanks from here, I've earned 10.25 selling options on it so far. Cheers: Pinky ggg Jim