Cisco Shares Plunge, A Buy Opportunity!
Cisco Shares (CSCO-Q) plunged on the Nasdaq today, more than 16% in early trading to close at 20.52 US per share. As seems to be the case with many stocks recently, missed earnings for Cisco below analysts’ expectations caused the massive sell-off this morning. Cisco’s share decline also rippled throughout the technology and communication sector. In a previous article I wrote about Bad News Investing, and how panic selling can provide a great buy opportunity. I feel Cisco is now a great buy opportunity with a 16% discount (pending a few days to see where the price settles). Not many …