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.

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

To: RetiredNow who wrote (59346)	5/7/2002 9:11:04 PM
From: faqsnlojiks	Respond to of 77400

hehehehe

To: RetiredNow who wrote (59346)	5/7/2002 10:33:10 PM
From: Jerome	Respond to of 77400

mm....>> have Cisco fully valued at $15.50. <<< Why not let the street figure out what full value is at the moment. We are due a relief tech rally that could carry CSCO to 16 by Friday's close. Since any strong rally results in a pullback, instead of selling out, write a covered call against the stock. Use either the May 15's or the June 17 1/2's. JMO ....Jerome

To: RetiredNow who wrote (59346)	5/8/2002 8:27:15 AM
From: Jacob Snyder	Read Replies (2) \| Respond to of 77400

The bottom is in. I've been saying this, recently, on a number of threads, and Cisco's results are one more reinforcement of that opinion. I've been surprised at how low this latest market dip went, and I was a bit too Exuberant, loading up too early. As a result, all my CSCO (my largest holding at the moment), were bought from 14 to 15. For the rest of 2002, the trend is flat or up, for quality stocks. Lots of volatility will continue, but that's just an opportunity (to buy low and sell high while those around them do the opposite). I, too, will be selling my higher-cost shares of CSCO on rallies, but I think we've got a good shot at returning to 20 or so, in the not-too-distant future (next few months). The December 2001 rally took the stock to 21.92, and the May 2001 rally peaked at 24.12. Since the stock is beating forecasts, and getting upgraded, rather than missing and getting downgraded, I think it's reasonable to think we return to those levels, at least temporarily. Mr. Market seems to be rapidly cycling, every 2-3 months, between manic and depressive phases. We will have one or two more manic phases in 2002, and I think CSCO will be one of the leaders of the upcoming rally.