Cisco Jumps on Earnings, 2.7 Billion Dollars?
Posted by Blain Reinkensmeyer
November 9, 2006 at 10:54 am
A very interesting post that I hope you all can benefit from and go “hmmmm….” to. First off I want to acknowledge the price gap up of Cisco (CSCO). The stock is up over 7% with a real time last tick of $26.87 after “blowing out 1Q earnings” (one of the many headlines today). But, that isn’t the best most mind boggling part though, because in about 5 minutes or so the stock is going to hit 100,000,000 shares in total volume on the day! What does this mean? 100 million times lets say for simplicity sake $27 a share means $2.7 BILLION dollars has circulated through the stock today already; wow.
Cisco CSCO has been on a run since it gapped up on September 9th of this year, 2006. Gurus such as Cramer have touted it along the way, but from that day until now, the stock is up some 50%+, not bad for a few months work. Congratulations to all shareholders and I bid you a happy trading day.
Good Hunting Guys.
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