Cisco ($CSCO): Continue to trend down with GAPS

Cisco ($CSCO)  continues to trend down with gaps in between. Since my last post in May, CSCO has fail to hold on and has go lower towards the $15 range. News is out now that CSCO will cut as many as up to 10,000. CSCO job cuts highlight the possibility of slow growth ahead due… Continue reading Cisco ($CSCO): Continue to trend down with GAPS

Cisco Systems Inc (CSCO): Gappy Charts and Bearish

  Reuters just reported that Cisco (CSCO) will have a sales miss for this quarter with more jobs cuts expected. The key points to note for Cisco is as follows: 1. Cisco’s core businesses is UNDER THREAT. On the low end, competitors comes in the form of Netgear (NTGR), despite the fact that it owns… Continue reading Cisco Systems Inc (CSCO): Gappy Charts and Bearish

Netgear Inc. (NTGR) : Kumo support and Cisco’s problems

Netgear fell about 9% during the first half of the day due to Cisco’s revenue call that their home networking unit (Linksys) was down 8% for period ending May 1. My bet is Netgear (NTGR) will not suffer from this revenue drop and could even be eating into Cisco’s share. From the Ichimoku chart, it… Continue reading Netgear Inc. (NTGR) : Kumo support and Cisco’s problems