Thursday, November 11, 2010

Someone needs to gag Chambers.

This is like a broken record. CSCO reports decent earning, Chambers gets on the conference call and tanks the stock. Two quarters ago, he proclaims ‘this is as good as it gets’ stock sells off… Last two quarters he gets on the conference call and tells us the sky is falling. If I was on the board, I would gag this guy after earnings… Lucky for me I picked up some Nov 24 puts for .50 cents. I expected a selloff, but not of this magnitude. When Chambers talks- short the stock.

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