Michael, including today, I think twice. BUT, please look at how long it stayed in the 70's. Not long! My My you're happy today aren't you.
Don't read too much into todays's decline, unless you are a micro investor. Volume was below average. End of year profit taking, and yes a general nervousness about the market, all contributed. Nothing fundalmentally has changed.(I'll be analyzing the technicals tonight)
Looking at longer trends, even as low as 10-20 day trends is much more effective in determining trends.
CPQ has, and will, make more money for longs, than shorts. I you hope enjoyed the day! LF |
