Compaq Message Board - Msg: 12012251

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Technology Stocks : Compaq

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To: American Spirit who wrote (72403)	11/19/1999 10:04:00 PM
From: rupert1	Read Replies (3) of 97611

American Spirit: I had my sell order in at $27 5/8ths having raised it from 3/8ths so missed it by a 1/4 (bid side). However, I have noted in the past that CPQ usually gives you two goes at its interim peaks so if it is true to form it should give another chance at about $27 1/2. If $27 1/2 was its high in this move, I would expect the pull back to go no further than $23 1/2 and given its current strength probably $24. On the other hand, the spike the time before last was to $28 1/2 and that was the top end of the trading range. Also there does seem to be an orchestrated effort by CPQ to bring big news to the market every week and the appointment of a CFO is in the wings and probably some more working alliances like the Cable and Wireless deal. So if it was to consolidate around $26 for a couple of trading days a big announcement could carry it through $28 before it started to back and fill. The huge volume and the breaching of the trend lines to the upside makes this move a little different from others. I look forward to when your back in. I have enjoyed your posts.

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