Buy Alert: September 11, 2015

| September 11, 2015

Buy Alert:  September 11, 2015

Quick Note:  The office will be closed next week for holiday.  There won’t be any trades or updates sent until the following week.

 

Trade Details

Buy Cisco Systems (CSCO) October 16th 26 Calls for $0.75 or better (lower)

 

Why?

Tech stocks got hit about as hard as any sector during the selloff in late August.  However, CSCO regained ground more quickly than many other big names out there.  Regardless, the networking giant is trading at a very attractive price versus projected returns, and still has a ton of cash on hand.  I think a much bigger rebound is imminent.

We’re going to buy October calls.  Conservative investors can take profits at $27.  Aggressive investors can hold up to $28.  For risk control, conservative traders should exit at $24.50, while more aggressive traders can hold down to $23.

 

 Recent Activity

Cisco Systems

 

Category: OTW Buy Alerts