Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (49150)	4/9/2002 6:02:51 PM
From: mishedlo	Respond to of 99280

Ya, you and me both, If NVDA gets back to $44, it may break 40 and go to $38 or so. That is, if CSCO warns. Personally I think CSCO is a TRAP. CSCO may not warn or if CSCO does warn it will not matter cause it is "priced in". No way in hell would I short CSCO now and hold overnight. Max pain is 17.5 and althought it could never close above that (100K+ calls vs 30K puts at that price), I have a feeling there is strong support lurking with 50K puts at 15 and max pain higher. If CSCO says anything positive it will gap up 1.5 points just like that. My inclination was to buy CSCO calls today but I did not. If CSCO says something good I am buying QQQ calls for a 2-3 day runup. Mind you I think CSCO is worth about $5 no matter what they say. But mish is a very very nervous bear. M