Amvona

Update: How we made investors Money on Cisco

Monday, 20 February 2012 15:00
 
lemmings
 
On February 12th, 2011 we published our first article on Cisco Systems entitled "How we lost investors money on Cisco". The title was intended to be a pun for the readers (we weren't selling at a loss), as we quickly pointed out in the article..."We have no intentions of selling; on Monday we'll be buying for their accounts." The stock closed at $18.70 the day before the article was published.

We went on to make impressive sounding arguments about sociology like this artifice:

Published in Finding Alpha

Update: It turns out the answer is Yes!

Friday, 26 August 2011 14:48

ssd-hard-driveIn the spirit of updating past articles as we did on August 10th, 2011 we thought we would do another update, albeit this time only for a bit of levity.

 

On January 28th, 2010 we published one of our first articles. We're pretty sure we may have been one of the few, if not the only bloggers in the world (on that day) to pose the curious question “Would the Pope buy an iPad?”.  At the time Amvona had not yet become a dedicated blog (it was still a commerce site with a blog as an afterthought) and the categories were not yet focused on the topics they are today.

Published in Finding Alpha
lions_and_tigers_and_cisco_bears This article is a follow up on our February 12th, 2011 article: “How we lost investor’s money on Cisco”, a title which probably seems even more prescient about now. The article put forth the very unpopular idea that Cisco shares represent both a good value and safe investment, and that an emotional reaction likely played a key role in the recent volatile movements in the share price.
 
Our opinion hasn't changed. It is not our goal to purchase "at the bottom" nor sell "at the top", for we are not aware of any reliable way to go about doing this (although we are open to suggestions - preferably those that do not involve astrology). Instead, our interests lie in owning good companies, with long-term earning power, that can be purchased at a deep discount.
Published in Finding Alpha

How we lost investor's money on Cisco

Saturday, 12 February 2011 18:16

image_1Losing other people’s money isn’t as much fun as it sounds.  We either bought, or gave directions to buy shares of CSCO on December 3rd, 2010 at $19.09 to folks who trust us enough to let us make some investing decisions for them; they’ve now lost 1.89% on their investment in just about two months.  We have no intentions of selling; on Monday we'll be buying for their accounts.

 

Up until last Wednesday, February 9th, 2011 these folks were making about 15% on the same investment, since it had only been about two months, as we just pointed out, we were feeling pretty smart, and getting ready to do some bragging about our track record, when Thursday rolled around. Let’s just say it was “a day that will live in infamy” (hopefully nobody has used that line already).

 

Since we do a great deal of explaining how we make money for others, we thought this would be a good chance, actually the first, to explain how we also lose it.

Published in Finding Alpha

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