csco missed gross margin, inline with revenue and we await chambers' take.
before that, csco closed at 24.49 in regulation
at the time, options priced in 5.9% of premium so the floor for the dealers was 23.03
since the reaction to earnings was down, this is a buy point or where to sell to depending on your direction.
paul
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during ceo chambers' speech, csco shares broke any support at 23.50 and fell toward the 21 level.
ReplyDeletea feeble rally to 21.50 before night hours expired.
looks like analysts are quick to downgrade and lower estimates. shares look to test the 20 level this morning.