Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Monday, July 21, 2008

Csco

Csco is in the middle of a leg down, which looks to be headed to 17, the 2006 low. I expect it to catch a little bit of a bid here. and 17 may be too optimistic to the downside.

do I add "Valuations look good"

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cnbc