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Technology Stocks : Compaq
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To: Night Writer who wrote (74431)12/22/1999 2:41:00 PM
From: MeDroogies  Read Replies (2) of 97611
 
I think 35 is overly optimistic (why I went w/32.5's). If I'd bought cc's last week, I have a double + already, so you'd expect some heavy selling to take place. It isn't happening. Instead, buying on the 32.5's is keeping it steady.
We could see a BIG shift in MaxPain (if you subscribe to the theory) into the 30's. I think MaxPain has some legitimacy, so I consider all this pretty good info.
I wouldn't expect 35 to see as much activity, unless investors were INCREDIBLY bullish.
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