The next week or so of CPQ trading is going to be interesting, IMO. On one hand, the whole asian situation is still unsettled, and with Wall St. on a 4 day bull run, look for investors to take a little profit to make up for the Q4 beating they've taken recently. This unrelated event could pull CPQ back to the 57 / 58 area. On the other hand, the Fund Managers' CPQ sell off that generated the year end bloodbath is now thru. CPQ is a great buy at 60, and traditionally good news is on the horizon (split). Most analysts have CPQ beating estimates, too. Personally, I'm still bullish on CPQ in the near-term, but I think we may see one more pull back before we hit the 70's.
Skipper |
