Compaq Message Board - Msg: 14329427

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Technology Stocks : Compaq

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To: Captain Jack who wrote (84607)	9/5/2000 1:17:31 PM
From: Night Writer	Read Replies (3) of 97611

CJ, CPQ might base here for a little while. However I'm still seeing a lot of buying by the 10,000 or more share crowd on my ticker. IMHO position traders tend to have smaller positions then 10,000 shares and take positions on a number of stocks. Institutions and long term buyers tend to take bigger positions. I don't think CPQ is going south for very long and the position traders will be buying again on the next buy signal. Some will be jumping back in today after selling earlier today. In other words, I'm not looking for a 30% or more retrenchment or correction at this point. CPQ hasn't over shot it's market value at this point. It might be a different story, if CPQ had shot to $40+. CPQ is making a nice orderly price appreciation in line with it's current market value. It is still above it's last up trend line. Thanks for the sell signal on LCOS. Too bad I didn't have the cash to play. If you are looking for a nickle dime health care play HRC is looking good lately. It's breaking the $6 resistance area on decent volume today. My Dell calls are getting stomped on today. Watching INTU to sell naked puts after retiring a position with a nice profit. NW

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