Compaq Message Board - Msg: 10605320

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Technology Stocks : Compaq

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To: Harold S. who wrote (65417)	7/21/1999 9:31:00 PM
From: Christopher	Read Replies (1) of 97611

CPQ TA Analysis. CPQ had a very good day today considering DELL and Gateway performance. DELL did not gain much today while Gateway retraced good and CPQ made good gain. I am talking percentage wise. The point is CPQ is displaying strength at its current price. CPQ made an advance from a low of 20 on 06/17/99 to 28.19 on 07/15/99. When you think about it this is almost 50% gain in one month!! Now it is retracing on low volume and this is not unusual. As I indicated before that if CPQ closes below 27 it will probably consolidate between 24.50 and 27 and then try to break trough 27 again. The only problem I see right now is that NASDAQ may have started a correction. It is not confirmed yet but we have to wait and see. If NASDAQ has started a correction then that would hinder CPQ advance but I don't expect it to retrace too much. Investors seem to favor CPQ at these prices. They are looking favorably on CPQ while it is searching for a new CEO. If the wrong decision is made in that area then that could impact CPQ in that it may consolidate for a longer period until the new CEO proves valuable to CPQ and then it may take off for a good advance. My two cents. Good trading, Christopher

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