Kevin,
I look at all networking stocks together:
they knocked down the weakest ones, bay,shva,fore first, then sold off
on cscc,coms,usrx, now they are attacking the leaders.
if you looked back to csco's trading since Feb, 02/10-11 had
33mil and 22mil shares traded around $58-$60, then 21-24 with 23mil-28mil shares traded each day around $58. Now the 20/20 hindsight we know they're selling.
what is the price they would buy back those shares?
asnd H&S formed and it's not over yet.
I wish I were wrong as you know I am still 1/2 position long on networking stocks. They would come back in 3-6 months, and all I
want to do now is to wait to join them when the time comes. I got into amat/klac/amd/lsi at the bottom, i know patience really pays off.
dee |
