A. Cisco lowered the bar on growth from 20% to 7% let's see.........they did that about 2 years ago?
B. Cisco exited flip phone!...........about a year ago?
C. Cisco cut some jobs for a Billion in savings.........about a year ago
D. Cisco turned the ship around!............and around and around and around........wasn't that announced in the Mia Culpa about a year and 1/2 ago at $13 a share?
Now now, all this may seem like old news to you but to an analyst that's looking to pump in the low volume premarket it's totally virgin news!
Oh, and nevermind that Cisco is trading at the top it its range or anything and that its climbed 27% in two months to get here and totally ignore the SND threat. I'm sure everything will be A-Ok at the earning announcement where always conservative John Chambers that has been selling his own stock will give his usual doom and gloom and P-O Ralph Nader.
I can wait it out. This big boy never moves much up or down and like black jack 21 is the best. Might not turn tomorrow but by earnings with a runup like this Chambers would have to #$%$ diamonds as dividends to make it go up much more. I've got $20 puts and a short position.