I think CSCO will have a tough time breaking through 20, but if it gets some assistance, than it might break up to $25 area, at which time, IMO it would be a screaming sell.
reference this for "assistance" #reply-16608784
They are definitely not going to be dogged tonight or tomorrow. If they do, all the better for me, but I doubt it. Additionally, we have the Fed tomorrow so thatwill keep things adrift at worst. By tomorrow afternoon, I figure anything bad CSCO might have to say will be forgotten. Again, I would like to be proven wrong, just thatthings have been lining up for a while now, as self evident with our WAGs.
<<If you look at the wags today, you can see that everybody is aiming low.....>>
I didn't put much time into my WAG this morning. Saw you and arno there; you know I'm usually more pessimistic than most that WAG so I figured I was pushing the envelope<G> But I also forgot about this #reply-16608195 when I was WAGging. I might have gone with a 1792 WAG had I been more alert(damn, and you know the world needs more lerts!)
But hell, that might even be underscoring it. Hell, I don't know any more. Perhaps I never did, only thought I did. But one thing I know with a good amount of certainty is that the consumer can not keep this economy going much longer and corps need to ramp up their spending if we are to save ourselves from getting flushed(we're still in the toilet, just not flushed yet).
But for most corps out there it is IMO a catch 22 proposition. Most are already(still) too deep in debt and or don't have enough cash/colladeral to go out and begin spending again like it's 1999. OTOH, the argument if they don't spend they will lose competitive edges holds some truths even in this economy, but bottom line is that most are just trying to survive this "slow down" so forget about new R&D, or upgrades, etc... until your competitors begin the threat(chicken or the egg syndrome) or until you(the company) has sufficiently whittle down your debt to where it is safe to put some of this cheap money to good use. Otherwise, cheap is nothing more than a relative word with irrelevant benifits.
Does any of this drivel make sense? |
