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Technology Stocks : Compaq

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To: S.C. Barnard who wrote (32080)9/1/1998 12:09:00 AM
From: Night Writer   of 97611
 
scba
I agree tomorrow there may be a rally. I don't think it will last through the week. I listen to a local stock guy on the radio each morning and he makes an opening call. This morning he though it might be a tough day. That turned out to be an understatement. Tomorrow, I think he will mention South America. If he does, I'm betting a tough week for the high valued stocks. I don't think Compaq will go under 27 much tomorrow if it goes down. It is not a high flyer with a big PE at this point. We might touch 25 by closing time this week. Mostly due to traders taking their money off the table for the week end. Next week we should start a recovering back to a new trading range. This depends on how much fear is left in the market.
Hitting the sack now,
Night Writer
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