Cisco has been doing pretty well for these past few days. The stock price has been hovering around low 18’s since this morning and it is pretty steady as investors await for the earnings news and guidance today. The key is guidance for the next quarter. If the company provides good numbers for the next quarter, this stock is going to take off.
I’m currently holding 125 shares, bought at $17.85. Ticker now reads $18.15, and it seems to be moving up. I don’t care which direction it goes. Up, I’ll sell. Down, I’ll buy more. In the long term, this stock is going to make me some money.