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Technology Stocks : Compaq
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To: werefrog who wrote (9135)11/19/1997 12:42:00 AM
From: MarkM  Read Replies (1) of 97611
 
James: Have you been monitoring the action in CPQ over the past 3 weeks? CPQ is tenacious at the top, resistive in the middle band, and finally gives up the ghost at the low end.

Then it wallows for a while at the low end, refusing to budge up. Finally it starts to move and is like a stainless steel ball being launched from a slingshot ... back to the top again.

CPQ always seems to resist the intial slouches in the market, but eventually it cracks. After all, it saw 57.5. Several days previous it upticked and I saw a message on this thread from someone who said " we're on our way now ... blah blah ... we've seen the bottom ..."

That was the last resistance CPQ saw before it plummeted into the abyss.

Got to give CPQ credit for being tenacious, but not for staying consistently on top.

I expect a decent drop now.
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