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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (13716)	11/5/2002 5:24:12 PM
From: Win-Lose-Draw	Respond to of 30712

we're too far above max pain to do all the dropping before CSCO. imo "think like a criminal" suggests we do no worse than flat going into EOD and do all the dropping afterwards. why spread the pain when you can concentrate the effect? -g/ng-

To: ajtj99 who wrote (13716)	11/5/2002 5:32:22 PM
From: mishedlo	Read Replies (1) \| Respond to of 30712

CSCO can only trump max pain if they have some sort of perceived blowout. This thing is already delta hedged long so there will be no extra delta hedging kick this time like we saw in May IMO. If they disappoint we will see those hedges unwound and CSCO could drop 1.50 very quickly, then drift about for another week and lose the other $1. CSCO could be a non-event but with max pain at 10 it can get ugly quick if they warn or even disappoint. CSCO pain is actually 10. I was thinking it was 12.5. CSCO has been 2.5 points above max pain only twice this year. Jan_feb pre earnings, and May after the overshoot ramp job. M