Cisco Kid

They're seeing through the promises
And all the lies they dare to tell
Is it heaven or hell?
They know very well
--Journey

Nibbling on Cisco (CSCO) this am. After the bell last nite, the company announced that it would layoff about 2% of its workforce. That's knocked the stock down about 5% thus far today.

Below $16, I think this name represents decent long term value. Technically, the 2008/2011 low rests at about $14. Will be adding between here and there if/when.

position in CSCO