Berney; RE:" CPQ "
>JT, that was a seriously white candle on CPQ. Is there some news that I haven't heard ?
...thanks for bringing that to our attention, Berney. Obviously, folks are willing to buy on that dip. Noticed DELL made a doji at 55, and a candle-freaque on the TSO thread was tellin' me he wanted to enter long just before close, but got clogged by his server traffic. IBM also found buyers on the dip. Man, what a fast market!
Another play would be MUEI at 14, which is tracking DELL.
Was it SUNW's earnings ? TechStock defensive buying in the face of BKX.X sector collapse? Wow - CCI 100 points off?! CMB @ 40 has a yield near 3.8% and a P/E of ~11 :-/
Hell yes, I bought more down there {grin} ...damn sector triggered another programme buy today: 60s each CMB/STT AIG/GRN MWD/MER socked away in the black hole of my long-term core! Started the first programme with 6 shares, and have been pyramiding down ever since. Next trigger on my chart has 90s CMB @ ~35 (tomorrow?) un-freakin' believable, Berney.
Today felt climactic to me. If we can't dig outta here, we're gonna cut the market down to DOW 6300 by Halloween. Trick Or Treat !
-Steve |
