Cisco Stock Forum

105113257 : What is wrong with Cisco?

TrendTraderOP 105113257: Nothing is wrong with it. A lot of people bought in before earnings and then it ran up at earnings. it’s possible that when things didn’t immediately continue upwards people collected profits or just got out.
The market overall is likely to dip today going into the long weekend. Hence the utility of building a position in a swing vs going “all in” at one time.

105113257 : It’s painful to watch.

TrendTraderOP 105113257: Why?

JonathanPatton : 46.65 i think will be the bottom

TrendTrader : I’m swinging for the 50-53 range

Milk This Cow : just an observation,  yesterday retail report says,  no one spending money WMTs earnings says they have more higher Income coming in.  that should tell anyone the market is going to take a dive.  it's just a matter of time, and debt is at all time high with consumers.

Guiping Giordano : 谢谢及时得到新闻

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104220663 : Hello

让子弹飞一会儿 :

让子弹飞一会儿 : 谢谢辛苦辛苦

affable Blobfish_403 : 美国股市将再创新高并持续才能收割。

RipTides : If you factor in the devaluation of the US dollar, the high was in 2021.

RideTheTide : The price seems not moving, even dropped back after initial increase. Could this earnings be a strong catalyst?

TrendTraderOP RideTheTide: It’s possible. Who knows how the market will respond tomorrow.
It could be people who were in at market close or just after are collecting profits. Or it could be a bigger sell off. Looks like currently it is back to 52+ levels so probably the first scenario.
Over psych level of 50 likely to gap up in the morning and possibly keep moving.

RideTheTide TrendTraderOP: Hope so

sGpcGhost : It crash back down at premarket. Donated for 3 quarters. Guess have to sell call or buy put for it.

TrendTraderOP sGpcGhost: Maybe. Depends on how it acts after 10am. It could be bought up and go green for the day