Last Friday, Cisco stock was assigned to me as part of an expiring Put Options contract. For now, I plan to hold the position as a short term trade. The drop in Cisco started last quarter when management lowered guidance based on expectations of a global slowdown. However, if Cisco is so concerned about aContinue reading “CISCO can it breakout above 50wma?”
Tag Archives: XSD
MARKET makes big bounce: bought IYT, XLE & XSD
The market bounced over 2% today in above average volume. That’s a very good sign, especially since the past two trading sessions have been depressed by an onslaught of oppressive government policy uncertainty- Mexican tariffs & Big Tech anti-trust, to name a few. But the short sellers got caught by upbeat headlines- Mexico vows toContinue reading “MARKET makes big bounce: bought IYT, XLE & XSD”