The Importance of Conviction in the Stock Market

Justin: What do you do when the fundamentals look great but something is going on on the technical side that is a very important point to make again just because one yeah that happens a lot everything looks great at the top. The market knows all and we have to respect that collective wisdom among so many intelligent hardworking bright money managers particularly money managers out there, he says. Justin: We often say buy on fundamental technical and institutional strength but sell on technical weakness. You can always get back into a winning stock if it proves that it can be a leader in the next move,. He concludes by saying Cisco shares are down about 14% from their 52-week high of more than $50 per share