Thursday, August 6, 2009

Outlook/CSCO

Well, CSCO's conference call was great for the first 10 minutes then John Chambers issued next qtr revenue guidanance that was very weak, so hence the AH selloff. On a positive note, he said no one could determine a bottom but this was the first quarter where sequential orders came in at a steady pace.

In other news, Ortbitz (OWW) got upgraded by Barclays today to a strong buy and at $6 price target. I hope someone still has it out there in the blogosphere.

I need to pour through Prudentials (PRU) numbers but the quarter was good; however, guidance seemed a bit weak. I will sell this at the open from the $33ish purchase, for solid gain..

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