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Technology Stocks : Compaq
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To: Night Writer who wrote (72469)11/20/1999 8:18:00 PM
From: Captain Jack  Read Replies (1) of 97611
 
NW-- I agree with your friend. There is a heavy wall at 27 - 28 that will take some really heavy buying to get through. Institutions know this and will play it in that area to accumulate for a long time. News driven heavy volume will be the easiest way to get through... I see the next stop at 30 - 32 although it is nothing like the 27 - 28. There will be a lot of selling in that area IMO. A few more light bumps to 40 is also agreed.. thanks but I'll be happy to be out with a small loss spread over this year and next.
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