<If my cash position were higher, I would have already been
buying on a series of 3 or 4 dips: x (at today's price), x (63 to 60), 3x (if it hit
59), and then a large leverage with leaps or 5x (if <56, lowest probability). >
Amy, thanks for the feedback. Sounds like a good buy strategy but does not look like we are going down today as it opened at 68 11/16. Too many opinions out there about PC demand, analysts opinions, etc. Here is some information from IDC for you and the thread:
cbs.marketwatch.com Report
IDC predicts strong PC demand
By Janet Haney, CBS.MarketWatch.com
Last Update: 10:49 AM ET Sep 7, 2000
NewsWatch
Latest headlines
NEW YORK (CBS.MW) - Computer-related stocks shot forward
encouraged by words from research firm IDC.
The Goldman Sachs Computer Hardware Index ($GHA: news, msgs)
rose 2.1 percent.
Framingham,
Mass.-based IDC
said unit volume for
the worldwide PC
market should climb
to 33.4 million in the
third quarter, a 18.5
percent jump from
the year-ago period.
"The consumer market will once again propel global PC growth this
quarter," said Bruce Stephen, IDC group vice president for Worldwide
Personal Systems research. "Consumer demand for PCs is especially
strong in Asian markets, and U.S. home PC volume is expected to
improve based on back-to-school sales."
The upcoming holiday selling season is also traditionally a robust time for
PC manufacturers. Companies that may benefit from back-to-school and
holiday sales include Apple Computer (AAPL: news, msgs), IBM (IBM:
news, msgs), Hewlett-Packard (HWP: news, msgs), Compaq (CPQ:
news, msgs) and Dell (DELL: news, msgs).
Apple shares leapt $2.56 to $61 in recent trading, and Compaq was
higher by 69 cents to $32.06.
Janet Haney is a reporter for CBS.MarketWatch.com. |
