Monday, December 27, 2010 1:34:10 PM
I assume you have experience in the market. So I'm puzzled by the shorting move. CSCO has been at the bottom of a long term range, even though its technology and financial position is very strong. That means it was at the bottom merely because some fund manager(s) were dumping it for their own peculiar reasons. Once that dumping is completed, and it starts to move up, it will keep going, because the factors that held it down are removed. That factor was merely the whim of some idiot fund manager, and nothing fundamental. A company does not achieve a $40B cash pile if it had something basic wrong with it.
Anyway, traders had learned to pile on the selling. But that game is over. Some folks catch on to the new model quickly, and some learn it after some time.
Recent CSCO News
- Cisco Becomes Official Partner of the LA28 Olympic & Paralympic Games and Team USA • PR Newswire (US) • 06/20/2024 04:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 11:59:59 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 11:58:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 11:58:02 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 11:56:48 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/14/2024 11:00:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/14/2024 10:58:28 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/14/2024 10:56:30 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/14/2024 08:27:10 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/14/2024 08:06:44 PM
- Cisco Appoints Ekta Singh-Bushell to Board of Directors • PR Newswire (US) • 06/14/2024 01:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/13/2024 08:41:24 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/13/2024 08:26:20 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/12/2024 09:19:08 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/12/2024 09:18:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/12/2024 09:17:23 PM
- Cisco and Splunk Announce Integrated Full-Stack Observability Experience for the Enterprise • PR Newswire (US) • 06/05/2024 03:06:00 PM
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- Cisco Live 2024: Cisco Announces New AI-powered Innovations and Investments to Help Customers Unlock a More Connected and Secure Future • PR Newswire (US) • 06/04/2024 03:06:00 PM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
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BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
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