Compaq Message Board - Msg: 7900985

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Technology Stocks : Compaq

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To: Elwood P. Dowd who wrote (48797)	2/18/1999 4:56:00 PM
From: Roads End	of 97611

EL..The $40 support held with a lot of conviction today. It was tested twice and held both times. The first attack on it huge blocks were traded. The second test came on a second wave of lighter volume and it held just fine. That was when I added some shares at $40. All the analysts I have been hearing have the same parameters in their analysis. They want a big pull back on big volume and they have cash on the side to put to work. The problem is they need to create some kind of crisis to scare people into selling but the economic indicators and world wide events just aren't delivering the knockout they want. Eventually they are going to have to put that cash to work with or without their dream market condition. I don't think they are going to get it. Steve

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