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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Nancy who wrote (15661)12/16/1997 8:11:00 PM
From: Tom Trader  Read Replies (2) | Respond to of 50167
 
>>btw, say, your entry point on CPQ is 51, LU is 70, we saw them come close to that yesterday intraday - would you compromise ?<<

Sure -- I'd have bought CPQ yesterday if I had the puts already. These levels are not cast in concrete -- more a guide. But at the same time I am not in a rush.

BTW, I agree with your friend re CPQ and the point to short the stock --I'll look to buy puts just before that level.

I have learned to compromise -- Judy taught me that art--even if she never does so:)



To: Nancy who wrote (15661)12/16/1997 8:33:00 PM
From: giddy guru  Read Replies (1) | Respond to of 50167
 
//gg//

Nancy,

CPQ broke down from a descending triangle last week. Very negative. Y'day it showed a bullish hammer. Mildly positive-needs confirmation. Has resistance at 57 1/2 - 60. This week, options expiry may generate some wild swings.

Bob Pisani/CNBC justified Tech rally for the last two days is due to foreign investments who find U.S. techs are dirt cheap and are piling. FWIW.

/gg/


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