I had been thinking of selling CSCO if it reached 20, but the latest earnings and dividend announcement is a game changer. I've been in and out of this stock numerous times over the past 15 years, but now I'm content to sit tight with the new dividend and buyback. Unless the economy really tanks, I can envision CSCO reaching the high 20's over the next 2 to 3 years. Added to a very decent yield, the total return could be very rewarding indeed. It's about time!
The dividend will keep holding CSCO longer - that will squeeze the short - also, the Feds may surprise the markets with a simulas package to make Obama look better before the election. Always seem to happen. Plus the end of year run we get most years. DELL and HPQ along with some other tech companies will likely surprise to the up side this week with the bar set so low. CSCO could jump a buck this week.