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Strategies & Market Trends : LastShadow's Position Trading

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To: SteveDavis who wrote (7235)1/26/1999 10:18:00 PM
From: Thomas Sterner  Read Replies (3) of 43080
 
CPQ

I don't recall ever being so undecided as to whether to
sell a stock or not as I was today with CPQ. When I
realized there were large sells at 50, I started leaning
toward selling. When Bong posted the following article,
I leaned a little further.

Message 7492256

So I did something very unscientific and called every
retailer in my area who sells CPQ products and asked
about inventory and availability. They all said there
was plenty of inventory. So, I sold it figuring I
can always get back in later. I made a decent profit
and I protected the profit. If it gaps up tomorrow,
breaks 50 and keeps running I don't care. I made a
profit and protected it.

Tom
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