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

To: Ron Dior who wrote (18943)	11/5/1998 11:36:00 AM
From: Gerald Walls	Respond to of 77397

GO CSCO -look out 70's here we come! Probably, but with CSCO's historical after-earnings decline I decided to go ahead and take my almost 50% profits in my April 60 Calls that I bought just before the decline at 8-3/8 with the stock at 57. Sold them this morning at 12-1/4. I'm probably leaving some on the table but if you try for the last buck you'll end up worse off more often than not. Now if I'd have waited just a few days to have bought them, when I was down 50%... I'm still holding my shares for the long term.