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Cisco Systems, Inc. Message Board

  • anuandamit anuandamit Feb 13, 2013 10:47 PM Flag

    CSCO-price action Thursday

    I found it as many of you did very interesting how the knee jerk reaction to the earnings which beat both on the top and bottom line being a nice positive reaction. Chambers speaks more and we start to sell off as much as 3.5% only to return to a minus 2% reaction. I believe Chambers spoke like this back in April 2012 which was followed with some stellar quarters resulting in a nice bounce for CSCO. I think the after hour selling is overdone as the company really ad a great report and feel that we should close above 21 on Friday and ride into 22 by the beginning of March. I do believe the stock could have opened at 21.5 or higher tomorrow if Chambers spoke less.

    We'll see what happens as I'm excited about the close over the close today.

    Sentiment: Strong Buy

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30.38-0.02(-0.07%)Oct 27 4:00 PMEDT