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Strategies & Market Trends : Value Investing

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To: Grantcw who wrote (40627)12/15/2010 4:40:55 PM
From: Shane M  Read Replies (2) of 78741
 
cwillyg,

I almost bought CSCO last Friday at work but resisted. I've started incorporating some very simple technicals into what I do and I come to realize gaps down like CSCO generally don't start marching right back up. On top of that I keep reminding myself CSCO's conf.call was cautious looking forward - the reason for the gap down.

I'm definitely interested - just trying to control myself and not get buyer's remorse.

Money seems to be moving MSFT's way this week. It's shown surprising strength recently after playing dead after it's last quarterly earning announcement (which I thought was very strong). I'm was looking for $30 price target on MSFT if it'll get there. I think it's worth a more (I could easily see multiples of 13-15 for MSFT) but not sure what the market thinks. Do you care if I ask your price target on MSFT?

BTW, I probably should follow your lead and sell half of my MSFT as it nears target just to lower the bet I have on the table. It's my biggest position right now but other decent ideas are out there too.
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