CSCO down 8% unexpected delight after actually gaining nearly 1.50 on the long side in "anticipatory upswing" Didn't expect this much downside. That's what straddles are for! And we can and do always buy the 10:00 or 11:00 change of direction for more reinforcement of profit. We don't hold the stock through the report, but we sure as heck MILK THOSE HOLSTEINS before and play the gap, or the reversal after the report (if there is one) Sometimes they languish at the bottom of the chart, which is fine with us also)
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