The last trade in Cisco Stock was on October 21 the day the day after it plunged below $23.00 for the first time since May 2014. I like Cisco Stock and with earnings expected to be relatively unchanged from the same quarter last year, I think the stock is fairly valued at my put strike points and I would own it if assigned. Earnings are released November 12.
This trade adds to the trade down on October 21 and sets up the position in what I think is a decent entry point if for some reason I was assigned shares prematurely. This trade alert contains a strategy discussion including technical outlook and the first step I would take for a rescue or repair of the trade if needed.
Cisco Stock Trade Alert – Oct 29 2014
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