17:24 ET Cisco Systems releases guidance (CSCO) 18.86 -0.40: -- Update -- Revenues are expected to be up 2-4% Margins are forcasted to be 67- 69% Operating expenses up 2-3% in terms of dollars.
I dumped JNJ as soon as I realized that the overall market was going into the crapper. (This is an edge that I have by playing almost exclusively Dow 30 stocks.) Fortunately, I only lost a few cents on the trade. I have been short JNJ off and on for about 6 months now, but I thought I saw the makings of a good dead cat bounce with the massive resistance at 50.00. Anyway, glad to be so highly liquid tonight.
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