Captain - I humbly disagree!!! I'm basing my opinion on what occurred at IBM when they started to show progress on the cost side. The stock bounced quite nicely, even though the company showed no growth at the time. CPQ is so depressed that the street will run it up in my opinion on even a sliver of decent news. Again, the key is no further BAD news. We are also getting into the time of year where the boxmakers should move (of course GTW, HWP, AAPL have already had monster moves, DELL a decent move). Remember when HWP was the perennial quarterly loser and laughed at? Look at how the stock has moved up around 70 bucks in a fairly short period of time. In either case, I stated I was back in at the 24 level with a trading position, so I'm betting on this occurring. If not, I'll get out with hopefully a flat net change or small loss... So far, I have been trading this stock with excellent results, and a trader is all it's been. Getting out on up moves has locked in profits and protected me from downside losses. However, as with LSI, I may miss the BIG move, if and when it
occurs. Hope you and El participate in it to the max...
Regards,
John |
