I expect CPQ to open sharply higher on monday. On Thursday, the day we lost 125 points on the DOW, CPQ got downgraded, and went all the way down to 60 up until 5 minutes before the close, then huge blocks came in and bought, and the last block that I cought was 67,000 shares that traded at 61.5, how did they know to buy at the last minute? this is no small change, it is more than 4 million dollars in one block!!! there were many other large blocks. I am convinced that they knew what was going on since CPQ opened at 64.5 on Friday. It is all planned and fixed, the opening prices have always been manipulated by market makers and insiders.
All I can say is that CPQ is very much in demand when it approaches 60, which is where big $ are spent, which later will prove to be an important low. I believe that very shortly, CPQ will not only come back, but it will make new highs, it is capable of moving 12 points in one day, it had done it in the past. |
