The market showed resilience today as the dip was bought as normal buy people chasing performance...word on the street is that lots of fund managers are under performing this year and need to catch up..
and just as people start piling in.....look at CSCO after hours...my goodness what a haircut...13% is most likely an over reaction, I am going through their conference call and will let you know what I think about the situation tomorrow AM.
those of you who started hedging up when the vol was cheap....good job!
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