Thank you for the post! I have never shorted any stocks,
I will not sell CPQ at loss! On my long portfolgio I am
near 30% this year. I can well afford to sell CPQ and call it quit, I don't need the money, so I can afford to wait.
I sold covered calls on CPQ once and I regreted it. That was on CPQ, two splits ago! The stock was hot then, I had bought at 70! At 100 I sold covered call strike 115 and I think
I took home 7 dollars plus, per share! In few sessions the stock was at 120 and byond! I walked away with a good profit, but left a lots of money on the table! That is greed!ggg
I don't know what to think about Rosen! I think he made
a good decsion to sack Pfiffer! I have a friend in Houston
that is fund manager for several of CPQ major share-holders.
He told me the reason that Pfiffer was sacked, and I tend to beleive him. Knowing that the news were about to hit the street, Mr. Pfiffer, the CFO and their friends had sold large number of shares. What they did was not illegal, but unethical, given that CPQ had not issued a profit warning!
On this thread, at the time there were several posts by various subscribers reporting that that the insiders were
dumping CPQ shares and that is when the stock was above 40!
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