I owned Cisco Systems (CSCO) through the dot com years and made a lot of money. I got too greedy and figured the sell off in early 2001 was over blown. Little did I know that I would ride CSCO all the way down to the $20’s. The elation you feel when your on the right side of a trend can’t compare to the gut wrenching horror you feel when your on the wrong side of it. :)
My guess is that CSCO will pop higher if it can break through that pesky $29.40 resistance area but then again who really knows? CSCO’s trend has been dead for years.
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