Compaq Message Board - Msg: 10648773

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Technology Stocks : Compaq

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To: Captain Jack who wrote (65709)	7/25/1999 8:05:00 PM
From: Christopher	Read Replies (2) of 97611

CPQ TA Analysis. The summer rally is over. The rally started on 6/15 and ended 7/19. August and September are about the worst months of the year for the stock market. NASDAQ last year went from 2014 on 07/20 to a low of 1449 on 10/07. November, December, and January are about the best three months of the year. What does that mean for CPQ? Any good advance will not probably start before mid September or November time frame. However, I would not be surprised if it does advance if investors start to feel better about the direction of CPQ since it has been very oversold. I mentioned before that if CPQ closes below 27 it will probably consolidate between 24.50 and 27 and try to break through 27 again. Several brokerage firms now are saying that CPQ would be a good buy around 25. CPQ will probably hold well from now until September-November time when NASDAQ will start a good advance again. Captin, this is your last chance to get out!! CPQ advanced over 40% in one month from 20 to 28 and you are still negative. What will turn you positive? What kind of returns are you making on your other stocks? Christopher

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