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Technology Stocks : Compaq
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To: mallory36 who wrote (3882)7/8/1997 10:14:00 PM
From: Eddie Kim   of 97611
 
I would have to agree with mallory36. I feel this stock will continue on its upward trend tommorrow given a favorable/neutral trading environment. Look what CPQ has going for it: positive recommendations from two analysts, expectation of a blockbuster quarter, an important announcement on Thursday, the forecast of a robust PC industry in the second half of this year, and the 5:2 stock split. People having been buying this stock primarily for the earnings expectation. Why should this stop tommorrow? Any dip in CPQ will be looked at as a buying oppurtunity. I think this stock will hit $122/share tommorrow.

Needless to say, I could be wrong. It largely depends on how the Street reacts to the AMD and MOT earnings.
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