Cisco yesterday published higher then expected Q2 which should mean there stock price is up right??? Wrong. But what i want to know is why....
See this is something i really don't understand but if i had to take a guess i would guess it is to do with CISCO's history, once a stock worth $500 Billion Cisco has now fallen to around the point of $111 billion, i can see that many people may have got burned over this stock and so are uncomfortable with taking another position no matter how well the company is doing. Peoples opinions may be prejudice against Cisco as they may feel that they have been there and been hurt before. Cisco is the second highest earning stock in my portfolio currently (not including stocks i have sold) and so i think Cisco is a brilliant stock, the company seems to know its place and market well and is able to capitalize on that, sure the stock had a bad time in the past but if people never gave stocks a second chance then where would we be? Cisco was once a $500 billion company for a reason and i believe it deserves to be closer to that figure then it is today.
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