[公告] CSCO: The lift we have been looking for [推广有奖]

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yuwenjun720731 发表于 2015-1-29 15:49:45 |AI写论文

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CSCO: The lift we have been looking for [size=0.65em]0 comments[size=0.95em]Dec 29, 2014 9:44 AM

On December 8th and 9th I posted two blogs about Cisco, CSCO: Is now the time? and Cisco: Lets take a look at the Technicals,suggesting it was time to start buying CSCO. The first blog discussed why the stock had gotten killed and why the risk to reward was now in favor of the bulls. The second blog discussed how the technicals had turned from bearish to bullish and three major indicators were screaming buy.
Technicals and and risk/reward aside CSCO needed a catalyst to get above $20 and as I predicted it was a talking head. In the case of CSCO it was Barrons. Over the weekend CSCO got the front page on Barrons and a bullish article which stated CSCO is now trading the exact opposite of where it was in 2000 when it was trading at $70 and 130 times earnings. Everything about the article was bullish and CSCO is now trading up 2.3% at $20.14.
CSCO has now broken two important resistance at $19.93 and $20.00 and although I took off a third of my long exposure I will be aggressively buying pullbacks.
The Tech/Telecom book is up 73 basis points with the NAZ down 64.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Themes: CSCO