Recently Cisco hit its stop loss of $16.00. The stock continues to take huge hits after each earnings announcement. After the last earnings announcement the stock actually rose 5% but fell more than 8% shortly after. The conference call talked about many of the struggles Cisco is facing. The public sector continues to slow, the EPS was lower due to cost reductions, many of Cisco's businesses are under pressure, and set top boxes continue to be a problem. There were some positive signs: Cloud revenue was up 30%, Emerging markets were up 11%, and the new line of products did very well. With all this being said, it is always important to be disciplined when it comes to booking gains and losses. Cisco will no longer be in the portfolio, I will continue to follow it and look for the turn around point.