Ed:
I agree with you that much of CPQ's decline is built in already. Although, I hold a small position I sold off the majority of my position at 32 7/8 about 10 days ago. One of the few times I smelled a rat, the Nasdaq was humming, DELL was going crazy and CPQ was crawling. Wish I was smart enough to have kept it on the sidelines, if I liked the sale on Thursday, I think Monday's will be even better.
Which brings me to my next point that I think CPQ will test the teens on Monday and not close above 24 because there is going to be a foul mood. We blew off the MOT warning on Friday and if we do it again Monday Michael Metz is sure to be telling Lou Dobbs what maniacs and lunatics we all are. I don't think any of us want to see that. I think your fundamental arguments are sound, but just not for Monday.
Anyway, Your guess has grown the Kitty to $2, we have to get enough replies so that winner can at least rent a blind P.O. box so we all can send in our dollars. By the way since you said over 25 at the close I'll consider that 26, Nigel is in at 25 1/2. Have a good weekend.
Joe |
