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BUY CISCO UNDER $30 AND HOLD

|Includes: Cisco Systems, Inc. (CSCO)

Buy Cisco Systems (CSCO-NASD) under $30 and hold. Reinvest dividends. This is probably a good company to accumulate slowly in a ROTH Retirement account.

You could also SELL Call Options at a strike price of $30 because it has been a year since it hit $29 and since then still has not risen over $30. There is multi-year resistance from as far back as the bursting of the Internet Bubble in April 2000.

Cisco hit a high of $71 back in 2000 and has not seen better than $30 since then. in 2007 Cisco was around $30 but then dropped to $12 in 2009 and 2012. That showed that resistance was way too strong at $30 in 2007

That is a valid double bottom chart formation with a value of $24 in 2010. Now that the $24 price level has been exceeded it should eventually be clear sailing to 30+ stock prices. There is an ascending Triangle pattern which is normally bullish with a neckline that needs to be punctured around $30 dating back to 2007 on the monthly chart.

The charts definitely say CISCO is a BUY below $30 but when the price will be exceeded is anyone's guess. IN the meantime you can hold some shares and maybe write some calls at $30 until it finally gets moving above $30...

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.