Good morning, Bill
Volatilty is when it goes up and down, recently CPQ goes more or less straight down - i hope you're right (though hope is a bad advisor)
Anyway, here today's recommendation from DTO (daytraders online):
** CPQ - Here's a case where (see chart) you can buy the stock and limit your
downside risk to some degree.ÿ Our thinking is that should the stock break $55 a
share, then it would be very negative and will see further down side.ÿ This
being the case, we can take up a position at current levels of $56 to $57 and
maintain a tight stop at $54 - price target would be $62 to $65 over the next
few weeks should we see a little relief in the tech sector and/or investors move
money into some of the larger tech stocks (such as CPQ, DELL, INTC, MSFT, etc). |
