It’s a pretty bloody red open this morni…

It’s a pretty bloody red open this morning, after Hewlett-Packard pulled a Cisco and guided lower for the second quarter in a row.  HPQ’s getting killed and so is most of tech, but speaking of Cisco, it and a few other longs of ours are up today despite the ugly market.  Google, instead of being down on the news of borrowing $3 billion or so, is also in the green, and I’m considering buying some more of it regardless of what how it trades today because I do think there’s “only” $20 or $30 downside here in the near time while the stock could easily run to $600, giving us an $80 upside in the near term.  That’s a pretty good trading up/down risk/reward set up for this puppy.