Stock Trading and Other Things

Cisco ( CSCO ) is a hot stock this week. Any predictions for the rest of the month?

I was wondering if Cisco Systems (CSCO) is one of the solid stocks to buy right now, considering the upbeat results of the past week. It seems like February will be the perfect time to get in on the ground floor of the upcoming surge by Cisco, given their recent news. Are their any seasoned traders that can chime in?

Public Comments

1. What newer investors tend to have a hard time with is recognizing some of the technical factors that move markets.

All of these tech stocks were a buy from March 2009 to Dec or say mid Jan 2010. They ran up in anticipation of good earnings. Then good earnings came out, and most of the stocks sold off on the news.

I know CSCO CEO John Chambers is bullish about CSCO, and he may be right, but that does not mean one should ignore the price action in the stock market.

I would be exercising caution at this time and wait for some market stabilization. The over all market has been in decline all year. This is not a bullish trend.