volume is very good. someone is buying and the trend is positive. but it's very tough to predict when to get out. there's no chart history here. maybe best to hang on until the volume dries up or a new support is formed around the $17.90-$18 mark.
I agree with candlecharter, stock should make $20.00 but the price is a bit extended right now and will likely pull back some before continuing up. As far as CSCO, someone from CSCO was on CNBC this morning and said that their sales have increased, BUT top end has not, which means smaller profit margin. He did not smile or seem too enthused.....only my observation, but if CSCO even hints anything negative, tomorrow will be our pullback day.
I think it'll reach $20 in the long term, but will correct itself in the short term. Although, if Cisco has positive news today, you could see another run up. CSCO and XXIA used to run in a similar pattern to each other. That is, until recently, where XXIA has actually done better.
I think it may have been more of a scare tactic to freak out some recent shorts. Dropped back pretty quick. These hedge funds are probably talking to each other. Gotta keep it moving or they don't make money.