It's 50% off compared to its intrinsic value.
It could go down further, thus the stop. It's "risky".
Out of all the tech stocks I've looked at $
CSCO
has the BEST fundamentals.
High growth potential.
You probably want to wait for when it goes back up or grab some call options.
I only bought a single share. So it could go to 0 I wouldn't cry about it.
The fundamentals are there. The price doesn't make sense this low.
It could go down further, thus the stop. It's "risky".
Out of all the tech stocks I've looked at $
CSCO
has the BEST fundamentals. High growth potential.
You probably want to wait for when it goes back up or grab some call options.
I only bought a single share. So it could go to 0 I wouldn't cry about it.
The fundamentals are there. The price doesn't make sense this low.
Trade active:
Trade still ongoing. Stop loss at $42.00
Entry was $35.60 (comm included)
With the stop at $42 it would still be nearly 18% profit from a single stock.
I really hope it won't go down, however. I really like $csco for their very clean financials this year. (Which nobody was expecting, I don't think)
Entry was $35.60 (comm included)
With the stop at $42 it would still be nearly 18% profit from a single stock.
I really hope it won't go down, however. I really like $csco for their very clean financials this year. (Which nobody was expecting, I don't think)