One of my friends was in that meeting. he called me and told me nothing was impressive. Every visitor had a mocking face on. Even the food that is used as a bribe was not good. Only a handful of babes with IPODs on their wrist and dancing.
Yes and CSCO hit 30 today.
Now if you are worried about the economy or the financial market, I believe you should short retail sector. Big ticket ones. My favorite is CC. It had good bounce in the last two days for another drop.
Another good thing about CSCO is that it will not bite you in one direction or the other. It will not go to 25 or 36 so you can trade in volume. Although everything is possible.
I bite from the middle. I am not that greedy but 30.30 to31 is well in the expected range. I did not say 35. It can happen tomorrow but nothing wrong with taking profit to re-enter the game.
I don't know whether I should agree or disagree with you. What you said has some elements of truth but if you buy when everyone is selling, you might incur loss at least for a short time and that might frustrate you. CSCO is an extremely good company with good outlook and I buy it in down days...
Bought at 29.60 10,000 shares. Went down to 29.55 and then I sold at 29.90 with 3K profit. I don't know what do you meant by risk a lot?
Another stock. Now I am more in favor of shorting CC. It is up because of LOWs' result.
I believe CSCO is a safe bet in this market. Buy below 30 and sell it in a day or two at 30.30 -31 range. Downside risk is very low based on their recent earning report and outlook. Now it is traded at 29.72.
This baby is slowly crawling up. By the way, their earning report will be on August 30. Big expectations and gambling traders will push it to at least $12 regardless of the buyout rumor factor.
I have traded WIND for over 7 years and it has always been in my short trading list but recently there are strong rumors that the company will be bought by IBM. The volume and price action in the last couple of days confirms this rumor. I would recommend getting into it in this down day. It is...
It is a dog market. Drops are too small to call it a bear.Have some respect for bear. Short CC, AAPL, OIH, HD, LOW and prosper. Don't go toward mortgage lending stocks. A short squeeze will kill you.
I read that the purchase of Comp-USA was not successful. When things are not good, stores like CC and BBY can bleed bad. I expect to see CC below 9 in a month. Remember CC hit 52 weeks low of 10.47 just 3 days ago. Recent run-up is a good opportunity to short more. I believe the last two days'...
Their results were not good. Wall-Mart says our customers are squeezed. As I said, now is the time to short big ticket item retail stocks. I believe CC and BBY will be affected a lot. I am betting on CC that will tank soon.
If you can get OIH fluctuations in a day, you are all set. I could not believe that OIH would go over $155 3 months ago. I know one thing that OIH can easily go down to $130
I believe the retail sector selling big ticket or luxury items will be hit next. Best Buy and Circuit City for selling big TVs and .....
They companies who are in boat business. Companies selling and manufacturing expensive bikes,.... will also be hit.
My reason is that people can not or will...
Shorting AAPL was confirmed 4 days ago. AMZN is also a short candidate but you have to have a great gut and good sense of the market to feel it. CC is also on the verge of a $2 stumble to $9 area. It seems that IYR is a buy.
I am following CC and now I am a firm believer that CC will drop below $10 in a couple of days. It is a safe short in this market. Look at it now. Everything is up and it has dropped 50 cents.