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To: 2MAR$ who wrote (64946)	8/5/2002 9:45:22 AM
From: augieboo	Read Replies (1) \| Respond to of 208838

Mar$, LEHM's call on CSCO looks perfectly rational. You just have to think like a criminal. pump on the 17th of july... got CSCO to run up and test the 50ma at $14.85 July 17 was the middle of expirations week. Right now, expiration week is still a week away, and CSCO reports tomorrow. So, beating the stock down prior to both events is the smart move, because it allows LEHM to pick up shares and/or options at a bargain today and tomorrow, then pass them off to new bag holders starting Wednesday, after CSCO "surprises" them with an "unexpectedly non-negative" earnings report.