>>>Hi Kevin, long time no see. Hope you're doing well. <<<
Hi stranger. Nice to see you're still around SI.
I'm doing great, thanks!
>>>I need to ask a favor of you: Can you tell me how the Money Flows (you're still religious about MF, right?) <<<
I still follow MF on a daily basis, but I'm not religious about it like I used to be. I combine it with other tools now.
>>>are looking for MSFT, CSCO, CPQ, and DELL? <<<
I'll give you several reads for each (different time periods).
MSFT...been good block buying over the last 3 months. 'Long term' target (may take 2 months to pan out) is $145. Target for next week or so: $138.
CSCO...everything is pointing to $50. I don't like to bet on downside divergences with CSCO. Upsides pan out well (like MSFT above), but downsides are risky and could take months....been there, tried that.
CPQ....I was saying $80 by April about two months ago, but now my target is $75. Should break back over $60 next week IMO...hopefully it'll base there instead of being stuck under that level. I have a large number of April 80 calls that I've gotten my ass kicked with. I still think it's a good bet, and may average down the price.
DELL....target $100. I may even bet on this one....maybe Feb 95s.
DELL is another one where downside divergences are terrible to put money on, but upsides have always paid off (that I can remember).
FWIW, IBM has indications of testing its high in the 'long term'....might take 3-6 weeks depending on the market. I'm going to pick up calls early with a target of $106 3/4 in the next 6 trading days.
Hope this helps.
Kevin |
