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Non-Tech : CompUSA (CPU)
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To: Joana Tides who wrote (874)12/9/1998 11:48:00 PM
From: cbstock  Read Replies (1) of 3187
 
Hi, JMO, but I believe that the weakness in CPU right now is due to tax loss selling and options expiration next week. Many folks that had long term gains sold in a panic in OCT and they need some offsets. If they held CPU it is a good one to dell and buy back in 31 days There is a mountain of cash on the side line waiting to enter this market but the timing has to be just right. The time from Dec 21 to Dec 31 could be very interesting if the tide turns. There is a lot of interest in CPU by lots of big players and these little day trading games can quickly turn into the same type of gusher that has helped the Semis. I am long and expect to do well soon..

Regards

cb
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