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Non-Tech : CompUSA (CPU) -- Ignore unavailable to you. Want to Upgrade?


To: Michael who wrote (1959)3/31/1999 12:33:00 PM
From: Sparky65  Read Replies (2) | Respond to of 3187
 
I must admit, I am disappointed and a little concerned that this stock has not moved up higher. It has been two days and the stock is drifting down. Frankly, if the market thought this was a great idea, this stock would have move higher than it is now.

I am concerned that the market may feel like CPU's move to the internet is no big deal. Maybe they will continue to loose money. Also, the person they put in charge of this internet division was an executive with CPU. Obviously, based on the performance of the company and stock over the last couple of years would dictate that the market may not be all that excited about who is running this new group and his ability to execute a successful business plan.

I am long right now on this stock. But, if I don't see any positive move from this stock in the next couple of days I am going to take some off the table.

Most internet stocks I have watched have had several positive days in a row and move up 50-10% very quickly. CPU has literely died.