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Strategies & Market Trends : Point and Figure Charting
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To: Gottfried who wrote (1563)3/9/1998 9:28:00 AM
From: Ms. X   of 34811
 
CPQ...
Someone asked in the Q&A about CPQ. Thought it best to post early considering CPQ's movements of late:

Q) With all the hoopla about CPQ any comments on that stock? Considering you been in this market a while, the way a stock used to act would give you an idea of what the street thinks of the company. I just cant get this love/hate relationship sometimes..

Forget love/hate and stick to the indicators. If I told you that
CPQ would break significant support and a major bottom at $25 and that
the Relative Strength chart just gave a sell signal, what would you do
with this information?
There are many right answers. One might rethink buying the stock and instead only invest in a call option. One might buy the stock and buy a put which is equivalent to buying a call. One might short a put to buy lower than current prices. One might just consider another of the 12M stocks that trade. That is another right answer.
If one owned the stock one might consider buying a disaster insurance put at the $20 line. Or tighten up stops or sell a call or just hold the stock and pray. All right answers. You see too many investors think there is only one thing to do in the market given a certain situation.
There are generally many right avenues. And many wrong.
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