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lee kramer

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Alias Born 03/18/2001

lee kramer

Re: None

Monday, 08/19/2002 6:45:51 PM

Monday, August 19, 2002 6:45:51 PM

Post# of 46
CSCO has put in a nice trading bottom. The stock exhibited a 25% gain in the past 11 days. We saw a 10/20 m/a crossover four days ago. But the run to today's intra-day high of 15 was well above the 10 and 20 day moving average. This action suggests that CSCO is temporarily "overbought" and will likely pull back, within the framework of an uptrend. I bought the Sep 15 put options as CSCO ran powerfully this morning. The stock closed at 14.72. I'm looking for the stock to back off: 13.15 on the low side to 13.70.

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