Posted: 3/17/2011 8:57:26 PM
Originally Posted by Renton2010
Chart not looking healthy.
With the nice run the market has seen recently, you would expect better charting from a senior company.
It is far from a safe play and IMO will bottom around $17.00.
I would wait until this run hits bottom, which should come shortly after earnings season wraps (the end of February).
CSCO has always lagged the market so I wouldn't put much faith in the stock being undervalued.
Now I would consider CSCO to be on sale, for whatever it is worth.
Closed at $17.00 today, which is my entry point.