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Cisco Systems, Inc. Message Board

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  • scott4usa scott4usa Mar 26, 2012 5:26 PM Flag

    Why It is Time To Short CSCO

    you're looking at this move from 13 to 21 like it is some big unsustainable move.............based on what? The 20 year chart shows the move has just started. We're breaking above consolidation after consolidation to the upside.

    This has been the best quarter since 1998 and that was the start of a huge meltup. Look at the Nasdaq 100 chart for 20 years. There's virtually no resistance until the highs. With Bernanke dead set on not letting 1937 happen again and Obama set on being re-elected; the sky is the limit. Look how easily Microsoft floated from 25 to 32. Once this hits 25 the float to 32 could be just as swift.

    Never look at where it has been only where it is going. It's going higher and not only higher but much higher. This is the next tech bubble that everyone has been hoping for only this time it's not a bubble. It's more like 1990 when stocks roared higher for years.

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