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Kirk Lindstrom
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Kirk Lindstrom has an engineering degree from the University of California, Berkeley. Following 20 years of research and development as a scientist and engineer at Hewlett Packard, Kirk turned his attention to investments where he edits "Kirk Lindstrom's Investment Letter," that... More
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  • Cramer Hates Cisco - Time to Buy Again? 0 comments
    Feb 16, 2011 11:21 AM | about stocks: CSCO
    I made good money trading Cisco (CSCO Charts and Quote) by buying when it was about $17 and selling every share (rare for me) at I believe $24... I have been watching ever since for another fat pitch. 

    Maybe now that Cramer ranted about Cisco yesterday on MadMoney it is time to reconsider another trade.

    Cramer's Lightning Round - I Don't Want to End on Cisco (2/15/11)
    Bearish Calls:
     
    Cisco (CSCO): "Are you kidding me? Cisco? No, no it is not a good time to buy Cisco...No. No. Wrong. I need to take more calls because I don't want to end on Cisco. That's too frightening."
    Until I see signs that Cisco management is more interested in creating shareholder value rather than shipping wealth out the back door to insiders with stock options, I won't recommend it as a long-term invesment even if it again has good potential for appreciation.
    Themes: telecom Stocks: CSCO
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