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Technology Stocks : Compaq

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To: Elwood P. Dowd who wrote (70387)10/27/1999 7:58:00 PM
From: Captain Jack  Read Replies (1) of 97611
 
EL-- Yes CPQ is on the mend but we will not see big bucks pouring in until it is mended. Looks like more institutional selling into todays news. Another Y2K benifit is being seen now. Many mid and small companies are not remediating equipment but just replacing boxes and servers with equipment that is ready. That should go through Nov when holiday sales clear the shelves. I would not look for a double in 12 months. Too many resistance places. I am not even certain we have seen the bottom yet but feel 31 is the best possible in a storybook mkt scene in the next 15 months.

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