SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Compaq

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Night Writer who wrote (36538)11/14/1998 12:42:00 AM
From: Night Writer  Read Replies (1) of 97611
 
Riding Dell's good results as previously mentioned isn't an option. Thank goodness we didn't ride down with then. I like vepoc's analysis of the CPQ position.

Here are some additional observations. The NASDAC yellow line on the SI CPQ chart indicates we are following the NAS and not moving on individual company merits at this point. CPQ may stick with the NASDAC for the short term future. INTEL on the other hand seems to be trading on individual company merits and is outperforming the NAS. (Yes, I do know CPQ is on the NYSE and not the NAS.) Perhaps next week CPQ will start to outperform. However, I think CPQ has to show the money for $40. I think CPQ's presplit high was $79, so we need the money and positive outlook to break the all time high.

If the FED doesn't cut rates, we could visit $30. If they cut rates we don't climb on the news as the market reflects the cut already.

I sense the general market is nervous at this point. It may be looking for a reason to adjust because it is high. Any reason will do at this point.
NW
cbs.marketwatch.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext