Actually I have no interest in CSCO long or short therefore I really don't care what it does today, but I have followed CSCO for over 9 years and it's always the same old thing around earnings time.
1st. CSCO releases an earnings press release (stock reacts big one way or the other)
2nd. CSCO hold CC and announces guidance for the following qtr.s (CSCO reverses the AH's trend and pulls the entire market with it)
3rd. The following day CSCO opens and spends the balance of the day filling the gap.
I've seen this more often than not where the exact scenario has played out.
So when I say CSCO is gonna "Gap n Crap" I'm simply basing my WAG on past performances.