Well, throughout 2011 I told my friends to buy CSCO. I'm not sure if they took action, but I'll show you my transaction history over the past 12 months with CSCO. I bought on Nov 12, 2011 at $20.07. I then sold on January 12,2011 for $21.07. The gain was 4.7% in 2 months, and I was happy. Then in February the stock price fell again, so I bought at 19.11, lower than my last buy in. I was happy again. However, CSCO kept going down, and I didn't understand why. The company was profitable and #1 in the industry. So, I bought more a few weeks later at 18.40 and told my friends to buy. They were probably glad they didn't because by march 17 the price was at 17.14. Still thinking it was a good deal, I did what any value investor would do..I bought more and told my friends to buy. Well, June brought even lower prices of $15.22 and bought at that point too. The stock price went even went lower but I held back as I was at my capacity for any one stock at the time. However, as I imagined, CSCO came back. On Nov 10, I sold at 18.75 for a 8.9% gain plus a collection of about 1% in dividends throughout the year. In the end, I made a 9.8% return with a total hold time of 8 months from the first buy and only 4 months from the last buy. The gain on that last trade was 23%. I was hoping for a 10% gain overall, so I am happy with how it transpired. I was hoping to gain the 10% in 4 months and not 8, but to do it in less than 12 months is good in my books. I'll be keeping my eye out for another CSCO crash. I'll let you know.
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