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Cisco Systems, Inc. Message Board

  • stockconsultant_com1 stockconsultant_com1 Feb 8, 2013 2:26 PM Flag

    CSCO breakout watch

    breakout watch from a month long double top area

    BREAKOUT WATCH for possible breakout above 21.39, no resistance in area just above.
    Type: True breakout from double resistance.
    Target: 22.61, 6.3% Stop: 20.94, Loss: 1.5%, Profit/Loss ratio: 4.2 : 1 - Excellent

    CURRENT PRICE 21.26, at resistance, 21.13 ± 0.25, type double, strength 6

    RESISTANCE ABOVE None.

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    • Cisco needs to consider making a buyout offer that would elevate their business. I would
      suggest they make an offer for Riverbed (RVBD) while they are under $17 per share.

      It's a great company being unduly punished after beating earnings and guiding in-line.
      But that's the way the game is played today: Naked shorting until they can't find sellers on the cheap anymore.

 
CSCO
31.35+0.06(+0.19%)Aug 26 4:00 PMEDT