Cisco and silver are each down almost 5%…

Cisco and silver are each down almost 5% in the early action. On the conference call cisco CEO guided slightly lower again for next quarter for the fourth time in a row. I am digging through their report and others but the upshot is that I plan to hold my cisco position steady. We were adding to our cisco at these levels a few weeks ago and we are not far from my cost basis despite today’s drop. My bad though. Back in a bit.