jimbo -
I say - not the bottom, still too much air in the tech balloon. But CPQ should hold up better than Dell, CSCO, the net fliers, who could lose 5-10% per day for another week. I think it will remain ugly. If I have the energy I will daytrade down on anything that goes red (at least as long as I keep hitting the ball). If I had any sense I would put aside some cash, or do some option plays to limit my risk, but I'm having more fun this way. So CPQ about 20, Dell and CSCO in the 30's, the net warriors down 30 or 40%. Then the clouds blow away, the sun comes out, and all the balloons go back up...
Hope that's not too gloomy, I think this is a good time to have some dry powder. |
