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Technology Stocks : Compaq

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To: Piotr Koziol who wrote (78133)2/14/2000 4:03:00 PM
From: Andreas  Read Replies (1) of 97611
 
To Piotr,

Not a snowball's chance in hades that cpq will hit 27.50 by friday. Why? Because maximum pain point is virtually 100% inaccurate during the course of a bear movement or bull movement during the course of one month. It is a well known fact that the maximum pain point analysis can pretty much be thrown out the window during those few months that a particular stock is moving up or down more than 15% in any one given month. High volatility during a 30 day period pretty much negates the significance of the maximum pain point. In other words, come back to this post next week and say to me "see, cpq closed up at or above 27.50 at week's end and therefore the maximum pain point analysis always works". I'll bet the farm it won't happen - despite the fact that I wish it would.
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