CSCO Trade on Aug 15, 2019 09:51 from Cklamb: Tradervue User Stock Trades.

CSCO
Intraday Fundamentals
• 04:48 AM EDT, 08/15/2019 (MT Newswires) – Shares of Cisco Systems (CSCO), a manufacturer of networking hardware & telecommunications equipment, fell in pre-market trading on Thursday after the company’s earnings guidance fell short of market expectations for the first quarter of fiscal 2020, with sales growth and gross margin forecasts also down sequentially from the final quarter of the previous financial year.
• Revenue at the San Jose, Calif.-based group grew 6% to $13.43 billion during the three months that ended July 27, from $12.84 billion a year ago, and was broadly in-line with expectations. Group turnover in the fiscal fourth quarter rose as growth in the security and applications businesses boosted product sales, with the Americas leading the pack in terms of geographic revenue spread.
• Adjusted earnings jumped 19% to $0.83 per share, from $0.70 a year earlier, one cent ahead of the $0.82 market consensus, excluding the divestiture of the Service Provider Video Software Solutions business which was completed in the second quarter.
• “We continue to transform our business model with software subscriptions now at 70% of our software revenue,” Chief Financial Officer Kelly Kramer said in an earnings statement after the market close on Wednesday. “The returns on our investments in key strategic areas position Cisco for long-term growth and shareholder value.”
• Looking ahead to the fiscal first quarter of 2020, the company expects revenue growth of flat to 2% and adjusted earnings per share of $0.80 to $0.82, which is below the Street’s estimate of $0.83. It also sees gross margin rate at 64% to 65%, which is below the 65.5% recorded in the fourth quarter.
• The company said the acquisition of Acacia Communications, a developer of optical interconnect products, was expected to close during the second half of fiscal 2020.
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Technicals
ADV 21.5M RVOL 1.36 ATR 1.27 BETA 1.21 Short 1% Inst Own 77.50%
Daily

Hourly

Intraday

Trading Plan
• S2 is at 45 currently at 45 if it opens higher that will become 46.50 look for longs there depending on the market, the tape and a good technical set up
• Shorts are probably best at 47.50 out of the gate if that level does not hold anything else wil need to be shorted off whatever trendline establishes.

Reading the tape
The tape was red and fast most of the time.. I did not see any big buyers that I remember at this point other that a few that shower at 47.10. I did also notice very little strength when this was trading at 47.80 ish.
Trade Management

Trade Review
• Great pre-market plan
• Needed more patience after being almost stopped
• This trade was working and elite trade would have added on the next break of the level
• Need to move to breakeven to clear some of the anxiety waiting for the bigger move.
• Good patience to see if it could test 48

Trade grade
Aspect Score Poss. Notes
Preparation 8 10 Yes , planned Pre market and executed
Hard Work 9 10 There was a lot of patience to set up for this short and time spent trying to see what I could on the tape. I saw nothing definitive
Patience 3 10 Failed on the exit
Plan 8 10 Yes, I had a target of 47 and left it a bit short
Discipline 6 10 NO… I needed to hold and adjust the stop here it never tested my level again after the initial bounce back. I could have made this a free trade about ten minutes in.
Contribution NA 10

Replay 0 10