Cisco Systems Inc (CSCO): Right now own 16,000 CSCO

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ByloCellhi

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Sunday, 12/05/2010 10:59:49 AM

Sunday, December 05, 2010 10:59:49 AM

Right now own 16,000 CSCO - with a portion on margin bought last Friday at an average price of $19.13. I think we have hit the bottom.

CSCO has a 2 day conference 12/7 and 12/8.

The plan is to sell 6000 on a pop and keep 10,000 as a core position.

CSCO is best of breed and way oversold IMO. I agree with some of the posts this stock has been manipulated to bring it down further and when the bell rings for them to go the other way it will pop back to $20 and keep going from there.

I also think CSCO will announce their dividend plans when the congress finally passes tax the law that dividend tax rates will NOT go up

Do we see a GS or other major investment houses upgrade this week? I think so

Thoughts - opinions?

GLTA

Bylo

These are my personal comments, observations, opinions and should not be relied upon for any investment decisions, and as always read the SEC filings for the facts of the company