Quote:
Originally Posted by AngelinIsRich08
I'm still going long on CSCO. I unfortunately bought in at $18.50 but I'm going to be in it for another five or six months since I've got 3,700 shares of it. When it goes to $24 I'll be  |
Probably won't be back at $24 in 6-7 months. My position is similar to yours, but I have at least a 12 month horizon on it. The market hates CSCO and tech money is flowing into NFLX, AAPL, and other sexy tech names with high expectations. I think the expectations for CSCO got too high and the market sold off not because results were bad, but because they wanted the growth of 10 years ago.
CSCO's cash flow and market dominance don't just go away after a few "bad" quarters (which weren't even under estimates). The market just seems distracted by "growth" even if it's not sustainable (NFLX).