I see that CISCO is down big in aftermarket, after their earnings release.
The company gave weak guidance......and the shares are down more than 10% as of this writing.
Wonder what will happen when the markets open tomorrow.
I bet the buyers push it back up slightly.
If the price is right, Cisco has to be a good long term buy.
I am going to also buy SYY at some point here...it got hurt the last few days over a slight miss.
Cisco's CEO John Chambers warned about this in November, so I'm not that surprised. The last time CSCO stock traded around $19 there were people who thought it should be closer to $15 instead, lol. In my opinion $19-20 is close to fair value and a good entry point, assuming technology spending continues into next year they have a cozy outlook.
Last edited by ddkay; 2011-02-09 at 05:41 PM.
It crushed for a second Q in a row.Originally Posted by warp
That's what I had thought last November when it dropped -17%, but instead it went even lower and stayed low for several weeks. I guess it's a good time for DCA.
Definitely a great long term stock & good for you that you missed it last time; you could now get it at -27% or even lower. Someone here predicted it could go to $15, but I don't think it will get that low, but anything is possible.
@edit: I just read your post ddkay.
“Simplicity is the ultimate sophistication.”
Picked up 100 shares of Teck Resources today. Now I have 300 shares total
Those with Encana shares might be interested to know that a $5 billion joint venture with PetroChina has taken place. Shares are up in the NYSE.
“Simplicity is the ultimate sophistication.”
That sucks ;-).It crushed for a second Q in a row.
That's what I had thought last November when it dropped -17%, but instead it went even lower and stayed low for several weeks. I guess it's a good time for DCA.
Definitely a great long term stock & good for you that you missed it last time; you could now get it at -27% or even lower. Someone here predicted it could go to $15, but I don't think it will get that low, but anything is possible.
@edit: I just read your post ddkay.
I am bit below my cost as of right now and will assess the situation in the coming weeks. I had hoped they will introduce the dividends and it was one of the reasons why I didn't sell before the earnings, my gut was telling me to get rid off it but it was still below my selling target of $23, now it's ways below that ;-).
Had I sold before the earnings, I could have made 10% profit [since Nov.10] & then gotten back in again today, but I debated too long on this one & really did not expect 2 disastrous earnings back to back, regardless of what analysts were saying. Contrarian style does not pay off all the time. I'll purchase a few more if it goes below $19 to average down. Your gut had been right!
Made my very first 'penny' trade today; bought RS early this am for $.75 & just sold at $.88. I saw a video of what this company manufactures and liked what I saw & took advantage of a -50% tumble this week. I'll send the profit to transfer agents!
I had a very good week selling 3 stocks; normally I do 3 in a month.
“Simplicity is the ultimate sophistication.”
FWIW, RS is on a delisting review, be careful http://www.newswire.ca/en/releases/a.../12/c9772.html
(to myself) gah there's this junior gold explorer that i follow because i've known about the ceo for years & i'd swear he's the only guy in the biz who isn't a liar (mumble) recently co got into a mess details of which have not yet fully emerged (did i say that already)
couple days ago the ceo resigned (gasp) shares tanked bad (blah blah) it looks like the directors pushed him out after longstanding dispute over which gold property should be developed first (blah blah blah) they have 2 properties but the other property won (mumble)
to make long story short i bought some yesterday (sigh) but shares tanked even worse today (slap ! slap ! slap ! ) (smacking head hard)
I am thinking about buying Bell Alliant BA . Any opinions ? Now they are no longer an income trust their yield no doubt will be more like 7% not 10.
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