By golly, silicon investor appears to be back up and running. Which brings me to Michael.
Dear Michael;
I hate to disappoint you but it looks like you're going to be disappointed today. SSB downgrade simply took the air out of cpq's sails. Too much uncertainty now and confusion as to who to believe. Stock will, imo, stay put at 25-26 (unless of course there is more bad news) until cc after earnings release. More lost time, more frustration, more nonsense. As i mentioned yesterday, cpq's lame press release didn't help much. Stock is down today on heavy volume. The problem now is there is a ton of people back into the stock at 25ish which creates tremendous resistance anywhere above 26 - 26.50, as they will all want to bail out and take their profits at that level.
So Michael, if you care to do so, tell me what you think about cpq's handling of the SSB downgrade. I, of course, think it could have been a little more convincing. |
