You are right on , too many idiot fund managers listening to JPM and others who said to sell at 21. Typical of fund managers 95% of them can't beat the indexes and so many fools give them their money!
csco should b 27-30 by years end. That means buying and selling opportunities in between. slow and steady wins the race. If a pull back in the 23s...should be an opportunity to buy. Up to 26 before October...take some profits.
Faulty logic. Undervalued large caps can rise almost as dramatically as their small cap brethren, and tend to hold that gain more reliably. Look at the recent 50% rise in JNJ and XOM for example. The same gain puts us at thirty.
Sentiment: Strong Buy
Nothing wrong with making money. I think this move is big based on a "good" quarter. Right now they are bidding it up because Chambers is coming on CNBC now and all the analysts piling on this morning. What puzzles me is JNPR had a weak quarter a few weeks ago and it looks to be up big also.