Wednesday, November 10, 2010

csco missed - what are the trading points november 10, 2010 at 4:36pm

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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1 comment:

  1. during ceo chambers' speech, csco shares broke any support at 23.50 and fell toward the 21 level.
    a 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.

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