The market is on sale!
Oh my, what a day has it been! Last night Cisco’s CEO, Mr. Chambers, announced his outlook for the company in the coming quarters and it did not look good. Shares of Cisco immediately plummeted over 10% in the after-hours market and reached a 17% low at the open of today’s trading session. I, obviously, decided to take advantage of this opportunity as soon as I could.
As you can see from the graph, the market has panicked after the announcement and initiated a tremendous sell-off. This is insanity. Cisco technically lost over 24 billion dollars in value in less than a couple of hours. What’s worse? It brought the entire market down with it.
What this means to me? Well, it means that some of the greatest tech companies out there just went on sale! This is an amazing buying opportunity in a (surprisingly) bull market. My top picks for today would be: DELL, INTC, CSCO, and COCO which are all companies that have suffered from the wrath of the bears recently but still hold solid fundamentals and therefore should will see an increase on the near future.
I was going to add a portfolio widget to the website but that would be way too much work (la-a-a-a-zy!) so I’ll just start posting my allocation charts from now on:
Good luck!
