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Technology Stocks : Compaq
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To: Elwood P. Dowd who wrote (37056)11/20/1998 1:32:00 PM
From: Night Writer   of 97611
 
IMHO Yes it will hang on. Greenspan has recalibrated stock prices with the interest rate cuts. EP raised expectations with the direct model for small business. I think we are in a new trading range. All we need is the scent of money to go higher. If there is some bad news or a general dip in the market, I think 30 will be the bottom.
NW
PS If you read about Max Pain, it will tell you that events like Greenspan kill the thesis of stocks closing below the Max Pain point.
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