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To: Cynic 2005 who wrote (7926)	10/7/1998 2:43:00 PM
From: Judy	Respond to of 86076

Mohan, aside from the greed and fundamental assessment of the situation, gauge the panic and fear in this market. CSCO could very well break in this market, and you want to be there with puts when it does. Just as LU took a few tries to break 70, but when it did, the stock died in a blink of an eye ... the fundies were crushing each other heading for the exits. Having said this, why not take some profits on your current CSCO puts ... and leverage yourself with cheaper puts on CSCO.