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Non-Tech : CompUSA (CPU)
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To: Renee Scherb who wrote (11)11/2/1996 9:30:00 PM
From: Richard Makowiec   of 3187
 
This may be of interest to you.... I spent the greater portion of this morning confirming my outlook for CPU short term. Based on two major items (expected consumer spending this qtr. and the volume of shares traded in the decline to the $45-46 level) CPU has a lower probability of going to the Mid 30's short term (2-4 weeks). I believe it may skip at the $40-42 level soon...this would be my exit level for my remaining positions. Unforseen factors like a large market decline or further negative press may cause added downward pressure though.

Ofcourse, as before this is only an opinion. I make no claim as to this opinion having any value other than reference use.

PS: Renee, my ideal scenario would be for CPU to fall to $ 30.00 on Monday at which I will exit, then I would like it to "Gap Open" on Tuesday to the $60-62 level so your long position returns to previous value. We both would be happy and we could talk about it in this forum afterwards!

Best of Tuesday's to you, Rich
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