Lynn,
I believe CPQ will get to 50 before April.
CPQ has acted fairly strong over the past 2 days pretty much ending the day at or near the day's high. On Monday the last non phantom trade (pt was 42 11/16) was actually at 43, the day's high; today CPQ closed @ 44 1/4 with 44 5/16 being the day's high. This is a positive sign.
Volume today was quite reasonable ... also a + sign.
Yesterday and today the CPQ stock price was resilient to backslide retreats which has been normal for CPQ as of late. Today, each time CPQ got below 44 (as low as 43 1/2ish) it recovered. Another +.
CPQ hqas gained 3+ points since Friday, 3+ points an abnormal gain for CPQ. More +.
Rising on NO news ... you get it, a +.
A few small things and CPQ flies past 50 .... (1) an announcement with MEAT and positive implications, and/or (2) the Fund Managers decide to come back into equities. The FMs have been accumulating mucho $$$ on the sideline and are probably rearing to get it invested. Today would have been appropriate after yesterday's massive gains except the FMs were nervous about Greenspan and the DOW went down bigtime on the open. Tomorrow could be the day .. look for big volume with CPQ trading 20+mil shares as the signal. If not tomorrow it will be soon.
I, too, hope KenyAA is along for our much anticipated ride UP,
Michael |
