Sam, Keith - I trade CPQ and other stocks for a living. I can't say how much action in CPQ is due to day traders, some is, and I'm sure a bunch of the action is also computer driven trading and also trading due to various options strategies. My strategy is to avoid the inevitable 'tech wreck' which seems to hit every tech stock at one time or another. So, I'll buy a block of CPQ near the close (or if the Dow tanks during the day), and either sell it the same day when the Dow recovers, or in the case of an EOD order, the next morning as CPQ lately has been opening up 3/4 to a point and then selling off during the day. If you buy enough shares, a consistent point or two per week trading can add up to serious money pretty quickly, as long as you avoid the 'tech wreck'. The downside is you might also miss a big runup as occurred in CPQ the other week when it was up something like ten points in two days if you happen to be away that day or out of the market.
John |
