Hi NW,
I'd bet CA is a good play, as long as you approach it as a trade. The stock over the years has been volatile, but each time it crashes it comes back. It just had a nice move over the past couple of weeks, 10 points off the 24 low up to 34, now back down. CA's small float also helps the moves, and if the tech market behaves in typical fashion I think a spike over 40 is eminently doable. Myself, I've been trading the 'hated T' with 20k share blocks lately, I buy around 30 and try to get a point or so. Yesterday I got lucky with 2+ points as I went out to mow the lawn with the stock at 30 1/2, came back in, saw the rumor about the CEO being replaced, and with the stock at 32 7/16 promptly dumped all of it.
Regards,
John |
