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Technology Stocks : Compaq

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To: Skipper who wrote (9299)11/22/1997 12:32:00 AM
From: Dwight E. Karlsen  Read Replies (1) of 97611
 
Skipper and all, CPQ went straight from $58 to $66-67 in three trading days. One of those days was up over 4 points. Pretty lively stock from my point of view. There does seem to be resistance at $67, but this will be taken out in due time..just didn't make it this time. After stalling for two days after the run-up, the stock was ripe for profit-taking. Stocks just don't go up in a straight line. Another thing...CPQ isn't real undervalued here..that said I expect CPQ to do as well or better as other techs in December.

DK
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