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Technology Stocks : Compaq
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To: George Elliott who wrote (70887)11/4/1999 6:33:00 AM
From: QuentR  Read Replies (1) of 97611
 
George, IWatch reports buying and selling interest only. My experience is that only about 1/4 to 1/8 of the interest is translated into transactions. Selling interest has a higher rate of follow through than buying. From my experience following IWatch, the charts are pretty ho-hum lately. Buying interest is up slightly but so is selling. We are not gaining much from the institutions lately, as other posts have indicated. I think the pickup in volume is good, but until the selling goes down we are getting nowhere. As others have indicated, probably a lot of investos are taking their losses. Some may be getting back in but others are leaving CPQ for good. We can all gripe but those of us who hang in there will be rewarded. If you don't want to wait you may miss the first jump but you can catch it later. The question is - How long are we going to wait? I-Watch is only one tool, maybe with more interest to day traders. I have gotten into a lot of trouble talking about I-Watch on this thread, but I am not sure myself of its value.

IBD seems a useless indicator to me. Bascially when a stock is doing well the indicators go up and vice versa. Not much help to the investor, the price tells me that too. I used the indicators three years ago in deciding to buy Compaq over Dell. See how good that advice was...
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