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Non-Tech : CompUSA (CPU)

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To: hoyasaxa who wrote (37)12/9/1996 9:48:00 PM
From: Richard Makowiec   of 3187
 
I'm neutral at this time(no position). It can cause me no harm to wish you the best on your calls. I am not confident enough at this time to play CPU. I retreated on my last long attempt just in time to break even (in/out at $50). After the Holidays I should know if I would be willing to speculate on a up or down move in CPU. Until then, I hope your calls do well.

PS: One of the things I'm looking for is an indicator if the market will continue it's bull run early next year (no 1st qtr. correction). If yes, a long on CPU (if other indicators confirm) may be my entry. If no, CPU is still at lofty levels (IMHO) and may become another put candidate.

Happy Holidays to you and this thread, Rich
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