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Technology Stocks : Compaq

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To: Chas who wrote (6727)10/16/1997 1:31:00 AM
From: secamend9   of 97611
 
Have accounts with ML. Chatted with my broker, Sr.V.P. with Merrill. He left me lukewarm about the earnings tomorrow and the comments by ML analyst.

No runup in these last few days before earnings - market has fully valued a mid .60 report at 75-76. Think it will take numbers so high to generate an immeidate jump that the probability of occurance is very very low. Am not expecting any pleasant major surprise tomorrow.

NASDAQ has significanlty outpaced DOW in the last few weeks. Maybe time for a breather. DELL/CPQ will be the major two players and both have a tremendously bright future. But it wont all happen tomorrow.

Hope we are able to test high of 79 and change. Even that might be a hill to climb. Relax, get a cold one, don't rush the future and watch your investment grow - over time.
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