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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: hpeace who wrote (24889)	12/4/1997 11:31:00 PM
From: Bilow	Read Replies (1) \| Respond to of 132070

I figure I'd toss out some TA on CPQ for you to enjoy. Of course I don't claim to know anything about TA, but thought I would post some charts of CPQ and what appears to me to be the future of the stock. Thought I would take a look at some very long graphs: Long term channel: $20 to $80 Long term logarithmic chart of CPQ 1984-97: tscn.com 5-year channel: $28 to $80 5-year chart of CPQ: 1993-97 tscn.com The channels are the regions where the stock seems to hang out if you draw parallel lines around those long, long graphs. My numbers are just to suggest where the stock would have to stay in order not to break its long term trends. In any case, it looks to me that CPQ is at the high end of its long term trading band. In terms of short term trends, the stocks has obviously broken the rise that took it above $70: tscn.com That last chart has the look of a stock about to make a violent move in one direction or another. I count three down turns and three up turns since dropping below $70. At the very least, I think CPQ will return to below $60 per share. But if it goes below that, it sure looks like a $28 or $30 stock. Sure you could say that CPQ was around $70 two months ago, but it was also below $60 four months ago, and below $40 six months ago. I suggest that the below $60 prices are providing a lot more attraction than the above $70 prices right now. So I think that CPQ is a good short right now. And given that the stock does look like its about to explode, probably a good option candidate. Accordingly, I'm holding the April 60 puts on it, CPQPL. Thanking you in advance for your kind advice to sell everything in order to make money going long in CPQ... -- Carl P.S., All: Thanks in advance for the kind advice to leave this topic alone in order to protect my sanity. My sanity has been gone for years, and I've done fine without it, so pelase don't worry too much about it.