Replies to post #2034 on Cisco Systems Inc (CSCO)

[Nolerman]

I'm not saying that insider trading happens.......but, on an average day, CSCO trades 92,000 options — 61,000 in calls, and 31,000 in puts. In one day last week (by noon EST mind you), CSCO traded 150,000 options, and 138,000 of those were calls. Of those 138,000, 96,000 were bought on the offer. Somebody spent a fortune on betting that this stock will rise, and did so at a premium.

[temp luvs amy]

I'm not a big momo trader, but it looks like the decision has already been made to view his comment positively for a change.

I would like to see it break above $23.40, and get the ball rolling.

I just decided that my new target is $35. My old one was $27, and we didn't hit it. I played the dip, and saved a few hundred pennies, per share.

[temp luvs amy]

He must have been too busy talking about another purchase.