<..If what an analyst is saying is truly false the market will digest this and spit it out..>
Jorge, I agree, but some fool going to a full service broker after listening this nonsense is bound to be influenced by these comments. Jorge, The incredible amount of CPQ shares which trade daily combined with the participation of most institutions generate currents which are not easily defined. In the case of Dell, the direction of the current is obvious. In the case of CPQ, there is so much mis information, theory, and off setting positions, the direction of the overall current is difficult to identify. My comments are based on the average daily sales, total short positions and open interest in near term put and calls. I don't think anyone really knows what CPQ is going to do. I still believe, as stated in earlier post, that the potential for unusual write-off after the integration of DEC may be greater than originally forecasted. NN's purchase of UB Networks was a disaster for the stockholders. The write offs were greater than anticipated. It was said (I don't know this for sure) that the culture clash between the two caused many of the problems. I draw an analogy to DEC and CPQ. This might be the yellow caution flag which retards the natural growth of CPQ. Please let me know your thoughts.
Mike Gordon |
