I think I jinxed it

I was up early on Wednesday and wrote my post about the TSX rollin' along and reaching new multi year highs. Sure enough, the markets open and the TSX sells off for a 107 point drop. At the end of the day I didn't do too badly. My stuff was just off a tick from Tuesday's new multi year high.

I fared far worse yesterday as the TSX regained more than half of Wednesday's loss. The problem was my new Cisco (CSCO:NQ) shares. After gaining nicely since I bought them in January. My entry price was $19.55 and they closed at $22.04 on Wednesday. After hours on Wednesday Cisco released dismal Q2 earnings and the market didn't like it. Cisco shares were the biggest loser yesterday with a drop of $3.12 to close at $18.92. I had great hopes for this stock as I understood that the world would be beating a path to Cisco for all the routers to handle all the data being produced by the smart phone explosion. Apparently lack of government spending overshadowed smart phone growth. The plan now is to unload them as soon as I can my money back. You win some, you lose some.

Today doesn't look great. Oil has recovered a tad to $87.20 but Europe and US futures are all down.

Oh well, happy Friday to all. Enjoy the weekend.