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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: g_m10 who wrote (10535)	4/11/1999 10:43:00 AM
From: Casaubon	Read Replies (1) \| Respond to of 99985

I agree with you, but the market already knows that. I was just trying to say that not to much downside left for CPQ. We have a saying at work, "this boat couldn't possibly take on more water...could it? If you were a "long term investor" and watched your stock nosedive for two years, you wouldn't take such a cavalier attitude. Thus, I am no longer a "long term investor", rather an investor who uses as many tools to achieve results as possible. Those tools include risk management, profit taking, and cutting losses, as well as prudent use of the options market. As far as I can see, the general public only invests long term. Also, only the "smart money" has fled CPQ (ie insiders, traders, and funds). Therefore, CPQ will take on more water, when J6P comes to his senses and realizes 30 cents on the dollar is better than 25 <g>. I think I'll pick this one up during the fire sale.