Cisco has been an absolute stalwart in this up and down market. While I am not traditionally a buyer of large caps or in this case mega caps; it has to bode well for the entire group
I have a basket of these names to play the trend:
- Juniper Networks (JNPR)
- Riverbed Technology (RVBD)
- Blue Coat Systems (BCSI) [not enough though]
- Ciena (CIEN) [still would like to see more data to see if this company is truly participating in the new boom but thus far its chart has held up]
Once the market settles down, this appears to be a bull market although valuations in some of the names esp. RVBD are quite stretched. I'd love to load up more at lower levels if the market is willing to give a gift. But here is a case where the technicals are telling you the same story as the fundamentals, so when both analysis are on the same page, you can feel a lot more confidant of the mid term holding period in these names... short term is always determined my emotion more than anything though.
Long JNPR, RVBD, BCSI, CIEN in fund; no personal positions
