Reasons to buy CSCO

CSCO

2006 was the breakout for this stock.
It faced turbulence in the spring time and peaked in summer.
Their conference call sparked an initial sell off in the market.

It could be a catalyst for the market to go higher. As opposed to DIS which gave us the MSFT bounce and nothing more.

If their numbers are lousy and the call worrisome then the market will plunge 300-500 points!!!! You don’t make money worrying like that. So that is my logic as well that it only retraced 50% from the high so its bullish until otherwise.