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


To: JakeStraw who wrote (75401)3/14/2008 2:38:42 PM
From: KeepItSimple  Read Replies (1) | Respond to of 77400
 
CSCO just touched 24.06

i told you guys it would drop at least to max pain at 24.

max pain will be recalculated after today's close and it's going to be closer to 22.5

next week is going to be ugly.

check out the march 25 puts on CSCO.. up 100 percent today alone. my etrade account thanks the market. :-)

also notice, like i said, cisco is restricted from buying back shares in the week before expiration.. so there is no longer a 30,000 share bid on every downtick.

right now it's just retail and institutions.

my personal prediction- we're gonna be at 22.5 by next thursday. that'll be almost a triple on my march 25 puts.