Finally! A piece of good news! Isn't amazing, great earnings, stock split... and boom, it goes down.... virtually the same announcement by DELL and it goes up a little. Now, i know the market conditions are a little better than when CPQ announced, but, come on.... they haven't done anything except positive things.... who can be selling at these levels? Only one explanation, i agree with steve, institutional selling... to lock in profits for the year....probaly 100% on this stock... hopefully, this piece of news will get us started in the right direction. I was watching the bid and ask blocks this morning.....and there were a lot of 25-50K blocks on the sell side.... hope this turns the tide!
RichieH |