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Technology Stocks : Compaq
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To: DRRISK who wrote (62806)6/10/1999 9:20:00 AM
From: Captain Jack  Read Replies (1) of 97611
 
Doc--- above avg volume and price dropping is rarely a good sign. The day before yesterday looked positive with a nice gain and a slight pullback was expected so yesterday held ok and was a nonevent. The <<" dire forecasts of Kumar were being absorbed as well as all sorts of other inferences about CPQ.">> had little effect. We are close to the bottom unless Kumar is correct, if so we have a fast drop and recovery of 10% or more. If that happens it will only last moments and will indicate the start of a recovery, That will be a much better buy signal than the hiring of a CEO or the AV spinoff. The recovery will be long as CPQ is NOT participating with the others in its sector in positive moves. Still looking to add but not yet.
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