Cisco Afterhours Carnage

Tyler Durden's picture

Your rating: None

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 02/09/2011 - 17:52 | 947640 Trimmed Hedge
Trimmed Hedge's picture

Buy the effin' dip!

Wed, 02/09/2011 - 18:12 | 947706 Logans_Run
Logans_Run's picture

I like to wait for the dips to bounce first! This isn't a dip yet, it is a cliff!

Wed, 02/09/2011 - 18:35 | 947745 Thorny Xi
Thorny Xi's picture

And at the top of this story's page, a link to this: 


"After the CNBC interview we caught up with Mr. Resendes to elaborate a little more on his recommendations and provide his view on the current market conditions.

We will begin by providing some details on Mr. Resendes’ stock recommendations and some key reasons he finds them attractive.

Mr. Resendes’ Stock Picks

Large Cap Buy Ideas - All owned by the Toreador Large Cap Fund: TORLX

Cisco, Medtronic, and Bank of America"

Wed, 02/09/2011 - 18:42 | 947767 mynhair
mynhair's picture

OMG!  I fell for it, and bought BOA!  Bad spanky!

Ya, right.

Wed, 02/09/2011 - 19:30 | 947874 Careless Whisper
Careless Whisper's picture

at least you didn't go for WFC

Wells Fargo: Our Chief Financial Officer is gone! No, we're not going to tell you why. It's not your concern, you're just a shareholder. We do what we want and are not accountable. Get it?


Thu, 02/10/2011 - 01:23 | 948576 Ted K
Ted K's picture

When a large percentage of "shareholders" are only day trading, speculating, and own a teensy bit in their "I'm a dumbf*ck lamb ETF fund" Just what in the hell did you think would happen??? They would roll out the red carpet and have a name tag waiting for you at the next shareholders meeting?? You damned idiots!!!  

It's called Corporate Governance.  Crack open a newspaper, read a real book, grow a brain, and learn about it.


Thu, 02/10/2011 - 05:02 | 948725 Bearish News
Bearish News's picture

Ding ding ding! Now THAT is a diversified portfolio!

Medtronic, you got  some medical thingy. Cisco, you got a computer thingy. And Bank of America, you got some weird kinda money-loan shit! BOOOOOO--yyyyAAAAAHHHHHH.

Wed, 02/09/2011 - 18:34 | 947746 scratch_and_sniff
scratch_and_sniff's picture

+1 dont buy the cliff.

Wed, 02/09/2011 - 19:52 | 947940 11b40
11b40's picture

Didn't you hear?  'Effin' dips have been banned.  What part of "no more dips" don't you understand?  Buy high & hope you can sell higher (and fast enough).

Wed, 02/09/2011 - 17:56 | 947646 Ragnarok
Ragnarok's picture

Empty offices don't need new equipment bitchez!


The Human Network (or lack thereof LOL!)

Wed, 02/09/2011 - 18:26 | 947727 Michael
Michael's picture

Plus the equipment from bankrupt business gets resold at bargain basement prices. Who needs new when you can get slightly used at 10 cents on the dollar.

Wed, 02/09/2011 - 19:50 | 947932 VegasBD
VegasBD's picture

Exactly. As an IT Manager for a high end Visual Effects house here in LA, I dont buy anything retail, soooo many shops have gone out of biz in the last few years I have EXTRA equipment that I've gotten for much less than 10 cents on the dollar...

Wed, 02/09/2011 - 18:30 | 947735 b_thunder
b_thunder's picture

The Human Expert Network

Wed, 02/09/2011 - 17:55 | 947647 ghostfaceinvestah
ghostfaceinvestah's picture

AKAM getting killed too.

Wed, 02/09/2011 - 18:43 | 947769 SashaBelov
SashaBelov's picture

But how's that? They've beaten street's estimates :)

Wed, 02/09/2011 - 17:57 | 947648 hedgeless_horseman
hedgeless_horseman's picture

The slightest contusion becomes a lethal wound
You know how to lie, you know how to take a hint
Resorting to proper measures to stop the trend
Previously unyielding but now compelled to bend
but now compelled to
The calling of forces from which I can't recoil
Previously unyielding but now compelled to bend
It's a carnage

Wed, 02/09/2011 - 18:25 | 947726 Pez
Pez's picture

Quite an appropriate, awesome tune! +1

Wed, 02/09/2011 - 17:55 | 947649 tunaman4u2
tunaman4u2's picture

I'm long CSCO at 20.41, not pretty baby! 

Wed, 02/09/2011 - 17:55 | 947650 mynhair
mynhair's picture

But MW is touting their revs as up, and guidance higher!

Wed, 02/09/2011 - 18:02 | 947654 cougar_w
cougar_w's picture

JNPR as well. They often trade across each other, obvious reasons. Hmm this does not look good for my positions. Or BTFD all the way to the bottom.

edit: Bah, CSCO profits down 18% Q2, that s'plains it. JNPR is going down in sympathy though not by much.

edit: Christ, CSCO is being killed. WTF

Wed, 02/09/2011 - 17:57 | 947656 SheepDog-One
SheepDog-One's picture

ONLY applies to CISCO of course! Rest of the economy partying like its 1929....

Thu, 02/10/2011 - 03:54 | 948697 eurobug
eurobug's picture

Lol that gave me a chuckle. Visual image of bunch of fat guys in suits partying on the stock floor, on prince's music...

When did the economy go kaput in '29? It was october, no? So still some months to partay then! Wonder who will yell "fire" first...


Wed, 02/09/2011 - 17:58 | 947659 SheepDog-One
SheepDog-One's picture

No worries...Im sure by 15 mins before open all will be forgotten as futures ride the unicorn dew rainbow higher!

Wed, 02/09/2011 - 17:58 | 947663 eckart
eckart's picture

close one's eyes and ears and just BTFD :)

Wed, 02/09/2011 - 17:59 | 947668 Ragnarok
Ragnarok's picture

Wasn't the insider at cisco selling like crazy these last few months?

Wed, 02/09/2011 - 18:55 | 947800 Steaming_Wookie_Doo
Steaming_Wookie_Doo's picture

Insider selling has been crazy for all companies. Stock is a lot like fiat money. It comes out of nowhere, some guys in a room decided to print some, and there are some vague justifications to "value" even though underlying production is nowhere near the actual value of the outstanding stock. Aaaaand, if you get your stock options cheap (a la 0% loans to TBTFs) why wouldn't you dump as much of that as you can justify? Er, I mean provide long term value to any number of brain-dead pension funds... Of course, you ARE trading it for Uncle Bens FiatBux, but those still get you a nice villa in Zermatt and your choice of Lithuanian prostitutes, etc. 

Wed, 02/09/2011 - 19:11 | 947811 Ludwig Van
Ludwig Van's picture


No Cisco insider selling since at least Sept.10, possibly -- likely -- since further back. (I have lists only from Sept. activity.)


Wed, 02/09/2011 - 18:01 | 947673 Misean
Misean's picture

Earnings are important to stock prices?!?! Seriously?!?!

Wed, 02/09/2011 - 18:02 | 947677 treemagnet
treemagnet's picture

Snow, for sure.

Wed, 02/09/2011 - 20:17 | 947969 Prof Gulliver
Prof Gulliver's picture

It was my fault. I use a snowflake screensaver on my network with Cisco routers.

Wed, 02/09/2011 - 18:03 | 947679 buzzsaw99
buzzsaw99's picture

That's not right.

Wed, 02/09/2011 - 18:03 | 947680 Hephasteus
Hephasteus's picture

India is crashing slowly and surely. If it goes it will drag entire IT complex by the balls into the abyss.

Wed, 02/09/2011 - 18:04 | 947685 Ragnarok
Ragnarok's picture

What are some good Indian information sources?

Wed, 02/09/2011 - 18:08 | 947693 mynhair
mynhair's picture

Vonage help line - not.

Wed, 02/09/2011 - 18:43 | 947771 whatsinaname
whatsinaname's picture

Inflation and local politics are the 2 big dogs in India. Plus the RBI has been ahead of the curve hiking interest rates 3 times in recent months. Unlike here in the US, food and energy prices matter a lot in India. The Sensex though is filled with foreign money and its been on a tear since 1982 (thats when the 401k programs started in the USA) and even more so after 1990. Take a look at all the eerie charts for various countries at !!


Wed, 02/09/2011 - 18:48 | 947781 Hephasteus
Wed, 02/09/2011 - 18:06 | 947691 DosZap
DosZap's picture

Thats ONE of the reasons for the #2 slot in Gold & Silver owners in the world.

They use paper to wipe with, and write on.

Wed, 02/09/2011 - 18:03 | 947682 Agent P
Agent P's picture

This sucks ass!

Wed, 02/09/2011 - 18:05 | 947686 americanspirit
americanspirit's picture

Looks like Ben forgot to buy enough CSCO. Oops! Wack-a-mole time tomorrow.

Wed, 02/09/2011 - 18:08 | 947695 NOTW777
NOTW777's picture

yeah but rich people love good food  - WFMI

Wed, 02/09/2011 - 18:11 | 947703 mynhair
mynhair's picture

WFMI now accepting SNAP.......

Wed, 02/09/2011 - 18:09 | 947696 mynhair
mynhair's picture

It'll hit 24 tomorrow.  Buy!  With both hands!

Wed, 02/09/2011 - 18:14 | 947712 cougar_w
cougar_w's picture

Heh. Probably true. The Bernank will have his shock troups on this one. 5% pop on open or GTFO.

Wed, 02/09/2011 - 18:10 | 947698 AR15AU
AR15AU's picture

Its OK, Harry Wanger says just use tight stops.

Wed, 02/09/2011 - 18:29 | 947733 serotonindumptruck
serotonindumptruck's picture

Yeah, must be nice to have those Cray algorithms working for you.

Wed, 02/09/2011 - 18:10 | 947699 buzzsaw99
buzzsaw99's picture

"The quarter played out as we expected. Our strategy of tightly integrating our multiple products through an architectural approach is working, and we are delivering innovation in each major product family," said John Chambers, chairman and chief executive officer. "As a company, we are going through a period of transition as we move aggressively in the market with our architectural strategy. We have managed these market transitions many times, positioning Cisco and our customers for success. Simply put, we are owning our evolution and the next generation of industry leadership."


translation: suck it bitchez!

Read more: Cisco Q2 profit dips a bit but beats Street | Sacramento Business Journal
Wed, 02/09/2011 - 18:13 | 947708 mynhair
mynhair's picture

"Simply put, we are owning our evolution and the next generation of industry leadership."

Vendor financing, bitchez!

Wed, 02/09/2011 - 18:55 | 947798 Hephasteus
Hephasteus's picture

Translation we are spending bunch of money with a bunch of other idiots on cloud based computing that people are going to respond to us like we have herpes, hepatitis c, aids, super aids, cholera, Cron's disease, and gingivitus, and the newly discovered butt gingivitus. Due to people's sincere desire to not get every transfer done through the net while we are jacking up internet costs and capping.

Wed, 02/09/2011 - 18:13 | 947709 GoldmanSux
GoldmanSux's picture

Tommorrow morning the CEO good 'ol boy will be on CNBC just all shucks, golly gee, yes ma'am, oozing sincerity. That's how you know he's a lying fucker.

Do NOT follow this link or you will be banned from the site!