Should be an interesting day tomorrow with Cisco’s outlook disappointing; the way the stock acted you’d think Chambers caught on fire during the conference call. Bad guidance = bad for stock price. Market don’t want brutal truth; they want smoke and mirrors to equal profits.
Some related stocks that should see action due to Cisco’s failure to communicate properly in a conducive manner.
Some other stocks to watch:
After Hours Movers:
BIIB Over $65.00
MGM Over $13.75 – note the $14.10 wick
CVA Over $16.25 or $16.40
FNB Over $9.25 or $9.32
RAH It may tray again – hard to say price – maybe $62.50
VNO Short under $83.84
FBC Scalp over $1.37 on good volum
The plan is to follow the charts, market volume should be low with Veteran’s Day. Depending on where futures end up by U.S. market open, China CPI coming is going to be fun tonight at 9 PM EST.