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.
I don't think Chambrts said anything wrong at all. He was 100% upbeat. Don't forget about the other speakers analysts are listening to while he is speakpng on CNBC. The same thing always happens to INTC, they beat the numbers but the pribe dips after goung up.
Either way, you know they will both go up again. CSCO's orders look good for this/next year.
I think a lot of people sell at $21 ang buy at a cheaper price.