It's 50% off compared to its intrinsic value. It could go down further, thus the stop. It's "risky". Out of all the tech stocks I've looked at $CSCO has the BEST fundamentals. High growth potential. You probably want to wait for when it goes back up or grab some call options.
I only bought a single share. So it could go to 0 I wouldn't cry about it. The fundamentals are there. The price doesn't make sense this low.
Trade attivo
Trade still ongoing. Stop loss at $42.00 Entry was $35.60 (comm included) With the stop at $42 it would still be nearly 18% profit from a single stock. I really hope it won't go down, however. I really like CSCO for their very clean financials this year. (Which nobody was expecting, I don't think)
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