This page has been archived and commenting is disabled.
Cisco Afterhours Carnage
Update: $19.90 now
One of these years Cisco will actually trade up after earnings. We promise. Just not yet... not yet. In the meantime, enjoy the latest carnage. But never forget: the gross margin collapse, the plunge in the consumer business, and that whole "transition" language - that's all very much company-specific. There is no way, repeat no way, that Cisco weakness can ever be systemic. And forget that Cisco was the first company to go pop during most previous bubbles. That also does not fit the script.
»
- 14471 reads
- Printer-friendly version
- Send to friend
- advertisements -
Buy the effin' dip!
I like to wait for the dips to bounce first! This isn't a dip yet, it is a cliff!
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"
OMG! I fell for it, and bought BOA! Bad spanky!
Ya, right.
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?
http://www.youtube.com/watch?v=lZLVi4v7lSM
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.
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.
+1 dont buy the cliff.
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).
Empty offices don't need new equipment bitchez!
The Human Network (or lack thereof LOL!)
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.
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...
The Human Expert Network
AKAM getting killed too.
But how's that? They've beaten street's estimates :)
http://www.bloomberg.com/news/2011-02-09/akamai-profit-exceeds-analysts-...
http://www.youtube.com/watch?v=8w8M_Qi2THw
Quite an appropriate, awesome tune! +1
I'm long CSCO at 20.41, not pretty baby!
But MW is touting their revs as up, and guidance higher!
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
ONLY applies to CISCO of course! Rest of the economy partying like its 1929....
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...
No worries...Im sure by 15 mins before open all will be forgotten as futures ride the unicorn dew rainbow higher!
close one's eyes and ears and just BTFD :)
Wasn't the insider at cisco selling like crazy these last few months?
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.
No Cisco insider selling since at least Sept.10, possibly -- likely -- since further back. (I have lists only from Sept. activity.)
Earnings are important to stock prices?!?! Seriously?!?!
Snow, for sure.
It was my fault. I use a snowflake screensaver on my network with Cisco routers.
That's not right.
India is crashing slowly and surely. If it goes it will drag entire IT complex by the balls into the abyss.
What are some good Indian information sources?
Vonage help line - not.
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 chartsrus.com !!
http://www.moneycontrol.com/news/local-markets/nifty-below-5250-adag-inf...
There's just a general view of it.
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.
This sucks ass!
Looks like Ben forgot to buy enough CSCO. Oops! Wack-a-mole time tomorrow.
yeah but rich people love good food - WFMI
WFMI now accepting SNAP.......
It'll hit 24 tomorrow. Buy! With both hands!
Heh. Probably true. The Bernank will have his shock troups on this one. 5% pop on open or GTFO.
Its OK, Harry Wanger says just use tight stops.
Yeah, must be nice to have those Cray algorithms working for you.
"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"Simply put, we are owning our evolution and the next generation of industry leadership."
Vendor financing, bitchez!
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.
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.
ATVI getting destroyed too.
Humm, POMO must be a government run 9-5 operation.
Like all myths, the myth of Big Bad Ben falls apart when it collides with reality in the form of the Cisco Kid. He now becomes Pancho's boy toy.
This plays a part as to the reasons why.
Biflation (sometimes mixflation) is a state of the economy where the processes of inflation and deflation occur simultaneously.[1] The term was first introduced by Dr. F. Osborne Brown, a Senior Financial Analyst for the Phoenix Investment Group.[2] During Biflation, there's a rise in the price of commodity/earnings-based assets (inflation) and a simultaneous fall in the price of debt-based assets (deflation).[3]
The price of all assets are based on the demand for them versus the volume of money in circulation to buy them.
With biflation on the one hand, the economy is fueled by an over-abundance of money injected into the economy by central banks. Since most essential commodity-based assets (food, energy, clothing) remain in high demand, the price for them rises due to the increased volume of money chasing them. The increasing costs to purchase these essential assets is the price-inflationary arm of Biflation.[4]
With biflation on the other hand, the economy is tempered by increasing unemployment and decreasing purchasing power. As a result, a greater amount of money is directed toward buying essential items and directed away from buying non-essential items. Debt-based assets (mega-houses, high-end automobiles and stocks) become less essential and increasingly fall into lower demand. As a result, the prices for them fall due to the decreased volume of money chasing them. The decreasing costs to purchase these non-essential assets is the price-deflationary arm of biflation
earnings, fundamentals and reality bitchez
Reality. It just doesn't give a shit about your hopes and dreams of world domination.
i want it back to 19!!!!!
I paraphrase CNBC. Cisco is a value trap, and isn't emblematic of the future growth of tech and the economy. Really, you look to a company with only $40 billion in yearly revenue as a bellweather? Grow up investors.
Ohhh! So trollish! Sends shivers up my spine.
We need huge productivity numbers to avoid margin compression and moderate the effects of commodity inflation but they are more vague and mysterious than m3 or bank asset ratio calculations. Watch productivity. It should rise initially as we get out of this growth recession, but if core rises and ebitda doesnt improve then all of us playing at the liquidity fountain deserve our fate as tyler said.
We who? Us baby boomers are retiring en mass. Who is left to work?
Not gen x. We are all massively rebellious uranians. We just want to break shit and reformulate everything.
Gen y wants to play World of Warcraft and eat pizza.
I'll work for a day if you need a bad accident to happen there. LOL
Wow.
I have the sudden urge to order a couple of pizzas.
Awe you know I'm just joking around.
It's fun to generalize to an insane amount.
Just hackin' on ya, bro. ;-)
BTW, I don't play that ridiculous game. Tetris is more up my alley. My current age precludes my membership into the GenY Club.
Why should I work? It's all going to go to the Boomers anyway.
Update: $20.18 now
Isn' this what happend to the Bangladesh market?
Shall we riot?
Update: $20.23 now
Update: $20.28 now
Yep, 24 tomorrow.
But never forget: the gross margin collapse, the plunge in the consumer business, and that whole "transition" language - that's all very much company-specific.
LOL! Considering the source, I'll take that as sarcasm.
It might be a large-cap laggard that has long since lost it's sex appeal, but with it's products still dominating corporate IT infrastructure, you can't tell me it doesn't matter.
No worries. There's a new ipad. And since apple tends to cannibalize it's captive market with I want the NEW ONE all those fanboys will rush out and buy the brand new one.
50 million idiots who spend like they are 400 million.
---green tomorrow, no doubt !
for all those still bearish: THIS MARKET WILL ONLY GO UP
P.S: in 80 years, the Chairsatan will be in history books as the man who destroyed all basic economic rules.
Until the market either 1) figures out that QE is destroying profit margins, or 2) gets scared (at least temporarily) that QE will soon stop. Either way the market will go down sharply at some point.
dont agree with you as:
1) until the market: there is no market anymore, it's all manipulated by Treasury/Fed.
2) Treasury/Fed will buy ES like crazy as soon as the (so-called) market could tank (means that DJI could be in the red by a few points).
Bottom line: Basically your comments would be fully right in a free market but that's not the case since end of 2008 !
I'll have to tune in Jim buybuybuy Cramer to see him flounder over one of his favs Cisco.
You can enjoy the carnage of this has been technology gaint carcass at Whole Foods, that is zooming up 10% AH as the consumer is back. Revolving credit!
Do flies flock to the pile that stinks, or stinks less?
ponzi clownbux have no "home"
Who in their right mind buys a stock with a 5.5 billion float?
Harry.
Krap, misread. You said 'right mind'.
No new low bitchezzs
Update: OMG, did you hear that Lindsay Lohan is back in court again today? It's all over the news!
listen, lindsey had the balls to sue etrade -- and she won. she hates the banksters and did something about it. and she's in to the silver thing too;
http://www.youtube.com/watch?v=WoHOAPSgzJM
Nasdaq goes to 1000 in 10, 9, 8, 7.............Bingo
Ok, this is a totally noob question, I've been trading my own money for a while now but I can't figure out what this after-hours trading is. Who gets to do it, is it just another market, or is it some sort of privileged circle?
If you have modern weaponry, you're capable of getting into the Club. Search "after-hours secret handshake" for details.
You should be able to do it - just need approval from your brokerage firm for extended hours trading. If they don't facilitate it, switch. You should be able to buy/sell/short etc. from 7:30am to 8:00pm. If you want 24/7 open a futures account.
You should be able to do it - just need approval from your brokerage firm for extended hours trading. If they don't facilitate it, switch. You should be able to buy/sell/short etc. from 7:30am to 8:00pm. If you want 24/7 open a futures account.
They missed back in Nov also. Same Price mvmt also.
Is that a B Berg screen?
Jimmy Rogers said it most eloquently a week or so ago..that he would not touch equities and all of his investments are in Agriculture or shorting the Bond Market.. Not so sure about the highly manipulated Bond Market as seen by the crazy move Feb 9th, but his Agriculture call is spot on as seen by Wheat, corn, soybeans, cotton and cocoa all at fresh new contract highs.
http://chart.ly/uxsfadp
Not sure what the Feds are looking at when they say that there is no infation as All soft futures are at new contract highs... Just wonder what Charts helicopter Ben is actually looking at??
He said last week that he is short some tech stocks and an emerging market ETF.
May I purchase a share in (3) easy zero interest payments for only $6.633?
“CSCO continues to see challenges in the public sector…”
Sounds like CSCO and Meredith Whitney are reading from the same book.
Not anymore. Barry just volunteered to bail out California and Illinois. Thanks, Texas.
Remember that the world just ran out of available IP v4 addresses (in bulk) in the least week and that fairly soon there will be a need for tons of IP v6 systems. We are quite fine in the short term however but this will only become more and more of a problem as time goes on. In the short term there should be plenty of IP v4 addresses to recycle around. If I wanted to make a killing I would drive Cisco stock down and then create some sort of government mandate for IP v6 Internet addresses which would be a huge boon for Cisco.
In short if Cisco stock drops like some panties then I will be going super long and hard
>> Remember that the world just ran out of available IP v4 addresses (in bulk) in the least week and that fairly soon there will be a need for tons of IP v6 systems. ... If I wanted to make a killing I would drive Cisco stock down and then create some sort of government mandate for IP v6 Internet addresses which would be a huge boon for Cisco.
This is a good way to get raped. IPv6 address support is already in IOS builds for Cisco Routers. It's a code upgrade; NOT a hardware upgrade.
As far as I know they are not obligated to provide free value especially when it means their ass. Additionally they make a ton of home and small office equipment.
from Wikipedia
Cisco IOS releases meant for use on Catalyst switches are available as "standard" versions (providing only basic IP routing), "enhanced" versions, which provide full IPv4 routing support, and "advanced IP services" versions, which provide the enhanced features as well as IPv6 support.
This is going to make many of those several year old routers that would be otherwise perfectly fine not be good enough anymore in a year or two from now.
They just installed a Cisco VOIP system where I work.
I wish the system worked. It's pretty iffy, at best.
Why did the replace the POTS when they worked fine?
Leave no Cisco router's behind
CSCO treats their stock like The Ben Bernank treats the U.S. Dollar: print 'em baby!
The only way to make money in CSCO is to work for the company and rise to a point where you can exercise and sell free warrants same day, (or sell a hail mary start up to them for the same deal).
Basically like most other public companies, only on a greater scale.
Gee, I wonder why insiders hardly ever actually buy the stock of a company they work for when it is free and abundant as funny money...
One word. Huawei.
All the "Value Investors" buying CSCO based on PEs or other souch nonsense. Please - this company took the "Tech Scamming Accounting Strategy" to the next level. If you fully understand how they account for the serial acquisitions, how they account for revenues, and how they account for the copious stock-options granted to employees - Then you will get a clue. 'Value Investors" are just the dumbest schucks around - i swear!!