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Technology Stocks : Compaq

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To: Captain Jack who wrote (75033)1/4/2000 6:23:00 PM
From: MeDroogies  Read Replies (1) of 97611
 
Tomorrow is a wash...it's how the week ends that counts now. I expect that this was a shakedown, in general. Skittish individuals, not bearish institutions.
There remains alot of money on the sidelines, and the retirement funds have yet to place a good portion of their cash. I expect the market to be down for the week, but CPQ to be at 32.
CPQ did well today, by all regards. It was my "best" performing stock in a generally bad market.
ORCL shows how skittish the individuals were. 1 million shares were registered for sale (out of a 1.6 bb float) by insiders....and the stock drops like a stone. That wasn't institutional selling, I can guarantee that.
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