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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: bob who wrote (67020)10/21/1999 1:09:00 PM
From: Bryan  Read Replies (2) of 90042
 
CPQ under 19. Will be giving it away soon. >>>
The short-term calls are still fetching a decent premium, but I think if you're patient, you will see a better level to buy CPQ.
There is going to be some serious resistance @ $20 IF it moves higher (which doesn't look likely). So from a technical perspective it looks like there will be more downside. From a fundamental perspective you have to think that CPQ could get a bit more trampled than DELL, GTW, AAPL, etc., in this environment.

IMO, it's going to be a tough comeback for CPQ. It could be attractive in the mid to low teens though. Waiting patiently.

bk
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