Replies to post #18222 on S&P 500 Analysis & ETF Trading

[kiy]

CSCO at $37.50...has lost some momentum..bulls need to step up or CSCO may need to put some new definition around the recent gap UP...
Daily

From previous post...CSCO is trading with about a 19 P/E...on earnings of $1.91 a share.
So if you gave CSCO a 20 P/E (now that everyone wants to fall in love with CSCO) based on a forward earnings of 2.55...20 time 2.55 a share = $51 a share. So once more news is there I'll increase my target...
My assessment remains the same...CSCO is a market perform type stock for now and the next 6months...price target is $40, so CSCO AT $34 has around a 15% up/down potential... you always want to know where the next 10-15% is...
...and now there's a gap to deal with...what kind of a gap is it...?...
Enjoy...we all hope you're right...