ALL: Careful buying into this AM's strength. Since May 30, the tech market has had a surge that seemed mostly unchallenged. . . ahead of Cisco earnings. The gap between May 30 price and today's price could be instantly erased, should the wording of Cisco's forward-looking statement seem cloudy or negative in any way. The earnings are perhaps not as important as the forward-looking statement.
If all is well down the road, we could strengthen and see another significant leg up begin to develop. However, in my opinion, when Cisco and others continue moving higher ahead of earnings, chances are more favorable that we head lower after hours [and after any knee-jerk reactions].
No, I still don't believe that Reg FD works. . . and IMO, the nods, winks, pointing, emphasis, body language and other non-verbal communication clues analysts into most everything that they could see pre-Reg FD.
So the question is which is better? Holding to get another little lift, should Cisco have nothing but good things to say? Or lightening and staying more on the sidelines until they report, should they have negative views looking forward? Do you concern yourself with potential lost gains or with reducing risk?
It's a gambling question. . . .nothing to do with investing.
Rande Is |
