Saturday, November 16, 2013

Made dip buy of Cisco

I had been thinking of opening a modest position in Cisco (CSCO), and the big 12% dip on Thursday triggered my decision to buy. It's up modestly since then. Sure, the news on their outlook was a disappointment, but not that disappointing. I don't expect the stock to go dramatically real soon, but I do think it will trend up in the longer term and the 2.9% dividend in the interim is fine with me.
 
I didn't buy any more Tesla (TSLA) this week. The stock drifted down a little, but not enough to trigger another 5% dip buy.

-- Jack Krupansky

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