>I agree that CSCO is a factor but USRX is not ALL depending on it.>
Today earnings report by CSCO, has the same magnitude of importance as INTC and MSFT. If CSCO disappoints, the entire market will get nailed--and networking stocks will be hit the worst. As a volatile networking stock, USRX won't take it well....
>USRX should NOT be in a tight trading range>
I never said "tight." Trading ranges can be very large. IMO, CSCO's report will dictate things. At the very worst, USRX could move to the low 50s. IMO, the most probable trading range for USRX will be 61-71. However, there might be a fall into the upper 50s--again, depending on CSCO.
For more information on my personal views, see:
techstocks.com
techstocks.com
techstocks.com
Sal Habash |
