Hi Elwood,
I cleared out right around the time of this post to you. I also bailed on a position trade in Dell not long after. Only tech I'm still holding is AMAT and INTC. I also sold LSI not long ago, but missed some of LSI's move to the mid 20's. I would like to trade CPQ again though. I did not bail due to any 'predictive genius' on my part, I just felt the techs had quite a move, was worried about a pullback, and wanted to protect the CPQ profits I had at the time. I think I averaged out around the 48 level.
Regards,
John
To: Elwood P. Dowd (46486 )
From: John Koligman
Monday, Feb 1 1999 1:43PM ET
Reply # of 48676
Elwood,
I've been lightening up on CPQ and will continue to do so. I've gotten a bit
'tired' waiting. Also, I have to be honest and state that I have made MORE
bucks in two Dell trades I have laid on (one for 10k shares in December, and
one for the same amount of shares in January that is still on, although will
probably be sold soon) than I have in holding CPQ all these months. I will
most likely trade CPQ, although right now the market to me looks risky in the
tech area. This advance is getting more and more narrow, and the hysteria in
the few stocks still going strong is just crazy. Dell is up 9+ as I write this. I may
start fishing around in some of the beaten up high quality oil service stocks,
like HAL and SLB. Will certainly plan on hanging out here though, this is one
of the best threads on SI! I hope CPQ makes a strong move in the near
future, and all the best!!!
Regards,
John |
