IBD likes to remind everyone that Cisco (CSCO) came public during a rough patch in the market. It’s price action suggested participation regardless what you thought of the market. It gave another 50 chances to trade it if you missed it though…There are times when you just need a break- if so – take it- and come back refreshed.
But if you are in the game- and you get your pitch- swing away- the worst case is you get stopped out.
*DISCLOSURE: No relevant positions
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