Cisco will Continue to Outperform.

I believe now is good time to buy Cisco because it is the best Christmas deal available either fundamentally or technically.

As per the circle that I have drawn in the picture above, all the circles indicated positive sign which I believe will take the stock higher.

My 1st target that I am very sure it will hit is at $21 within weeks. The second target is at $24 within months.

The chances of the stock reversing to the downside is there, however, my analysis and experience tell me that the odd is that Cisco will move higher from here. I believe all the selling has been well absorbed and the buyer is waiting at the sideline to push the stock higher.

Moreover, Cisco is a good fundamental stocks and the company announce that they will start issuing dividend next year. I believe that when Cisco eventually distribute the dividend, it will become a darling stock again.

Lets us all pray that the stock go higher as I have bought a large amount at $19.67 level.
Below are the latest upgrade from Oppenheimer:

Cisco: Oppenheimer Says Buy, The Worst Baked In

By Tiernan Ray

Shares of Cisco Systems (CSCO) are up 29 cents, or 1.5%, at $19.36 after Oppenheimer & Co.’s Ittai Kidron this morning raised his rating on the stock to Outperform with a $23 price target, writing that sentiment is so bad on the company, it’s a good time to consider owning the shares.
Kidron cut his estimate for the fiscal year ending next July to $43.1 billion from a prior $44.2 billion, below Street consensus of $43.67 billion. His EPS estimate, at $1.60, is down from a prior $1.67 and below the Street’s $1.61.
Those numbers “appropriately reflect concerns of share losses and maring pressure,” writes Kidron. Though things could be “bumpy” for the stock, Kidron argues his reduced view, and the negative sentiment on the company, both capture the prospect of further erosion by competitors.
Kidron’s gone through the product line, trimming estimates in areas such as the set top box business (housing woes), while taking a bullish view of things such as the Unified Compute Server, the core of Cisco’s push into data center computing. He notes that that business is on a half-a-billion-dollar run rate, as of the first quarter of this fiscal year, with 2,800 customers.