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Strategies & Market Trends : Tech Stock Options

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To: ViperChick Secret Agent 006.9 who wrote (30584)12/8/1997 9:34:00 AM
From: Kevin Walsh  Read Replies (2) of 58727
 
Good morning Lisa, I'm not clear on CPQs direction at the moment. The overall market wants to go higher, but CPQ still has gaps at 61 7/8 - 62 and 59 1/2 to 60 1/4. These up gaps were made on lower volume days so I'm expecting them to be closed sooner than later. The trading range had been 58 to 68, but it has been narrowing (triangulation pattern). My target is 59 1/2 to get back in. However, I agree with Darth that if it gets above 68, it will attack its old highs. I don't think it will get above 78 where there's significant overhead (unless there's huge vol).

I also don't know if there'll be any affect on CPQ of Michael Dell selling about $25 mil of DELL stock (I think that was the #).

Hope this helps,
kw.

ps: missed your pict this weekend :-(
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