_____________________________
Nearly twelve years after peaking in the dot-com bubble, Cisco made a fresh multi-year low last summer, apparently left for dead. Since then, though, the stock eventually found support near its 2009 lows and has stabilized. With the Nasdaq Composite making eleven-year highs recently, the presumption is that the latest Cisco cyclical bear, within its secular bear market, has ended. I am looking for the $20 level to be left in the dust here, and a move through $20.60 should put that thesis in motion with plenty of room to run above.
The Cisco Kid sure went through some nasty growing pains since 2000, but now as a mature adult it should commence a refined leg higher along with the other large cap tech stocks that are much-improved this year.
_____________________________
growns?
watch the clip! cmon
vince vaughn has put on a pound or two ;-)”
What’s your target price if CSCO moves through $20.60?
Much much higher