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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?


To: allen menglin chen who wrote (4138)1/8/1999 12:40:00 AM
From: Bill Wexler  Read Replies (2) | Respond to of 4634
 
CPU - hmmmmmm....I'm wondering if something else is up.

I speculated in the past that CPU would make a tempting takeover by an office products company, so when the rumor surfaced yesterday I wasn't that surprised. Of course...it is only a rumor and many times these things don't turn out to be true, but intuition tells me that there is more information that we are missing. Sometimes a takeover rumor will surface as a cover story to explain away unusual activity in a stock.

I'm guessing that those were real buyers and not arbs or takeover speculators. Takeover or no takeover, this stock is going much higher.

I am dramatically increasing my position tomorrow.