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

To: Jacob Snyder who wrote (59357)	5/8/2002 9:43:13 AM
From: RetiredNow	Read Replies (3) \| Respond to of 77400

Good luck to you, Jacob. I went ahead and sold my shares at $15.38 today. This is a joke. Here I was thinking I was going to go long on this stock and it spikes up in one day, to where I thought it would be in 4-5 months! I'll tell you, when I saw it go below $13, my first thought was "wow! I can't believe we're getting another opportunity like we did after 9/11." I didn't take advantage of any buying opportunity for a month after 9/11, because I felt guilty to take advantage of a really bad thing like that, but I didn't think we'd get another dip like that due to the vagaries of the market. Anyway, I bought some at $12.72 yesterday and sold today at $15.38. I'm happy. What's funny is that I thought for sure the market was going to dump Cisco again after the conference call, just like they did last quarter, which drove the price down, even when last quarter's news was just as good as this quarter's. I was planning on buying more today at a lower price than $12 for the long haul. But that's gambling for you. You never know what the market will do after a conference call. I guess Chambers must have said something investors wanted to hear. I was very surprised at how strong the results were, though. I really liked the fact that Cisco's GM% went up above 60%. They even do the little things like buy back those synthetic leases, even though there's nothing wrong with them. Amazing. Cisco came through again! Anyway, I hope this rally doesn't fizzle. As Cisco goes, so does the Nasdaq, so I'd love to see it continue.

To: Jacob Snyder who wrote (59357)	5/8/2002 1:24:35 PM
From: Jerome	Read Replies (1) \| Respond to of 77400

>>>The bottom is in.<<< I think not....there will have to be a rally that lasts more than one or two days. So far this year every rally was followed by pullback. In a few days we will know more. Buyers will have to return back in force for the bottom to be reversed. So here is how I played the matter. 1) Sold some CSCO at 15.68 today with the hope of buying the shares back under 15 2) Sold some June 15 calls for $1.50 3)Sold some June 17.50 calls for .50 4) If CSCO rises to 16.50 to 17.00 I will buy back in and cover immediately by writing the June 17.50 a second time. I have no idea how CSCO will play out over the next few weeks, but I have a plan I can live and sleep with. JMO...Jerome