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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (42133)4/4/2011 4:20:12 PM
From: Grantcw  Read Replies (1) of 78702
 
Hello Clownbuck,

I agree that technically the chart of CSCO is rough to advocate buying. And I do think Charts can reflect fundamental surprises, but I also think that Cisco is being joined here by MSFT and INTC as all three are back in solid value ranges again.

Maybe it's 'risk-on' and these stocks are being sold? Maybe it's some European financial institutions trying to shore up balance sheets by selling some of these stocks?

I bought some CSCO today, and I'm now considering adding back to INTC (no position right now) and MSFT (small-to-medium position right now) now that they're back to value ranges. My trick is what to sell... Not quite ready to say oil companies are overvalued yet, but maybe soon...

Thanks,

Grant
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